AXITA Stock | | | 11.06 0.11 0.98% |
Axita Cotton financial indicator trend analysis is way more than just evaluating Axita Cotton Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axita Cotton Limited is a good investment. Please check the relationship between Axita Cotton Other Current Liab and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axita Cotton 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 nation.
Other Current Liab vs Non Current Liabilities Total
Other Current Liab vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Axita Cotton Limited Other Current Liab account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Axita Cotton's Other Current Liab and Non Current Liabilities Total is -0.56. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Axita Cotton Limited, assuming nothing else is changed. The correlation between historical values of Axita Cotton's Other Current Liab and Non Current Liabilities Total 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 Axita Cotton Limited are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Liab i.e., Axita Cotton's Other Current Liab and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Current Liab
Non Current Liabilities Total
Most indicators from Axita Cotton's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axita Cotton 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 Axita Cotton 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 nation.
As of the 30th of December 2024,
Selling General Administrative is likely to grow to about 23.6
M, while
Tax Provision is likely to drop about 53.4
M.
Axita Cotton fundamental ratios Correlations
Click cells to compare fundamentals
Axita Cotton Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axita Cotton fundamental ratios Accounts
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Other Information on Investing in Axita Stock
Balance Sheet is a snapshot of the
financial position of Axita Cotton Limited at a specified time, usually calculated after every quarter, six months, or one year. Axita Cotton Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Axita Cotton 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 Axita currently owns. An asset can also be divided into two categories, current and non-current.