ASIANHOTNR | | | 190.52 1.47 0.77% |
Asian Hotels financial indicator trend analysis is way more than just evaluating Asian Hotels Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asian Hotels Limited is a good investment. Please check the relationship between Asian Hotels Other Current Liab and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Asian Hotels Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Current Liab vs Inventory
Other Current Liab vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Asian Hotels Limited Other Current Liab account and
Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Asian Hotels' Other Current Liab and Inventory is -0.06. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Inventory in the same time period over historical financial statements of Asian Hotels Limited, assuming nothing else is changed. The correlation between historical values of Asian Hotels' Other Current Liab and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Asian Hotels Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Current Liab i.e., Asian Hotels' Other Current Liab and Inventory go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Liab
Inventory
Most indicators from Asian Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asian Hotels Limited 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Asian Hotels Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of the 29th of November 2024,
Tax Provision is likely to grow to about 2
M, while
Selling General Administrative is likely to drop about 102.8
M.
Asian Hotels fundamental ratios Correlations
Click cells to compare fundamentals
Asian Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Asian Hotels fundamental ratios Accounts
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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.
Other Information on Investing in Asian Stock
Balance Sheet is a snapshot of the
financial position of Asian Hotels Limited at a specified time, usually calculated after every quarter, six months, or one year. Asian Hotels Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Asian Hotels and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Asian currently owns. An asset can also be divided into two categories, current and non-current.