GDDY Stock | | | USD 177.84 0.53 0.30% |
Godaddy financial indicator trend analysis is much more than just examining Godaddy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Godaddy is a good investment. Please check the relationship between Godaddy Enterprise Value and its Tangible Asset Value accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godaddy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Godaddy Stock please use our
How to Invest in Godaddy guide.
Enterprise Value vs Tangible Asset Value
Enterprise Value vs Tangible Asset Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godaddy Enterprise Value account and
Tangible Asset Value. At this time, the significance of the direction appears to have no relationship.
The correlation between Godaddy's Enterprise Value and Tangible Asset Value is 0.0. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Tangible Asset Value in the same time period over historical financial statements of Godaddy, assuming nothing else is changed. The correlation between historical values of Godaddy's Enterprise Value and Tangible Asset Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Godaddy are associated (or correlated) with its Tangible Asset Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tangible Asset Value has no effect on the direction of Enterprise Value i.e., Godaddy's Enterprise Value and Tangible Asset Value go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Enterprise Value
Enterprise Value (or EV) is usually referred to as Godaddy theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Godaddy debt, but would also pocket its cash. Enterprise Value is more accurate representation of Godaddy value than its market capitalization because it takes into account all of Godaddy existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.
Tangible Asset Value
The total value of a company's physical, tangible assets, excluding intangible assets like patents and trademarks.
Most indicators from Godaddy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Godaddy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godaddy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
For more information on how to buy Godaddy Stock please use our
How to Invest in Godaddy guide.At this time, Godaddy's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 36.39 in 2024, whereas
Selling General Administrative is likely to drop slightly above 300.2
M in 2024.
Godaddy fundamental ratios Correlations
Click cells to compare fundamentals
Godaddy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Godaddy fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Godaddy Stock Analysis
When running Godaddy's price analysis, check to
measure Godaddy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Godaddy is operating at the current time. Most of Godaddy's value examination focuses on studying past and present price action to
predict the probability of Godaddy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Godaddy's price. Additionally, you may evaluate how the addition of Godaddy to your portfolios can decrease your overall portfolio volatility.