| GLFL Stock | | | 8.56 0.19 2.27% |
Gujarat Lease financial indicator trend analysis is much more than just examining Gujarat Lease Financing latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gujarat Lease Financing is a good investment. Please check the relationship between Gujarat Lease Total Assets and its Non Currrent Assets Other accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gujarat Lease Financing. 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.
Total Assets vs Non Currrent Assets Other
Total Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gujarat Lease Financing Total Assets account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gujarat Lease's Total Assets and Non Currrent Assets Other is -0.09. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Gujarat Lease Financing, assuming nothing else is changed. The correlation between historical values of Gujarat Lease's Total Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Gujarat Lease Financing are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Assets i.e., Gujarat Lease's Total Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Gujarat Lease assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Gujarat Lease Financing books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Gujarat Lease's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gujarat Lease Financing 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 Gujarat Lease Financing. 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.
Selling General Administrative is likely to drop to about 1.1
M in 2024
Gujarat Lease fundamental ratios Correlations
Click cells to compare fundamentals
Gujarat Lease Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gujarat Lease fundamental ratios Accounts
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Additional Tools for Gujarat Stock Analysis
When running Gujarat Lease's price analysis, check to
measure Gujarat Lease'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 Gujarat Lease is operating at the current time. Most of Gujarat Lease's value examination focuses on studying past and present price action to
predict the probability of Gujarat Lease's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gujarat Lease's price. Additionally, you may evaluate how the addition of Gujarat Lease to your portfolios can decrease your overall portfolio volatility.