BODALCHEM | | | 69.31 0.12 0.17% |
Bodal Chemicals financial indicator trend analysis is way more than just evaluating Bodal Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bodal Chemicals is a good investment. Please check the relationship between Bodal Chemicals Short Term Investments and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bodal Chemicals 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 bureau of economic analysis.
Short Term Investments vs Inventory
Short Term Investments vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bodal Chemicals Short Term Investments account and
Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Bodal Chemicals' Short Term Investments and Inventory is -0.26. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Bodal Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Bodal Chemicals' Short Term Investments 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 Short Term Investments of Bodal Chemicals 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 Short Term Investments i.e., Bodal Chemicals' Short Term Investments and Inventory go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Bodal Chemicals balance sheet. It contains any investments Bodal Chemicals Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Bodal Chemicals can easily liquidate in the marketplace.
Inventory
Most indicators from Bodal Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bodal Chemicals 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 Bodal Chemicals 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 bureau of economic analysis.
The Bodal Chemicals' current
Selling General Administrative is estimated to increase to about 104.4
M, while
Tax Provision is forecasted to increase to (16.5
M).
Bodal Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Bodal Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bodal Chemicals fundamental ratios Accounts
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Other Information on Investing in Bodal Stock
Balance Sheet is a snapshot of the
financial position of Bodal Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Bodal Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bodal Chemicals 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 Bodal currently owns. An asset can also be divided into two categories, current and non-current.