| HINDCON Stock | | | 53.07 2.50 4.94% |
Hindcon Chemicals financial indicator trend analysis is much more than just examining Hindcon Chemicals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hindcon Chemicals is a good investment. Please check the relationship between Hindcon Chemicals Income Before Tax and its Selling And Marketing Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hindcon 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 main economic indicators.
Income Before Tax vs Selling And Marketing Expenses
Income Before Tax vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hindcon Chemicals Income Before Tax account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Hindcon Chemicals' Income Before Tax and Selling And Marketing Expenses is 0.58. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Hindcon Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Hindcon Chemicals' Income Before Tax and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Hindcon Chemicals Limited are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Income Before Tax i.e., Hindcon Chemicals' Income Before Tax and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Hindcon Chemicals income statement and is an important metric when analyzing Hindcon Chemicals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Selling And Marketing Expenses
Most indicators from Hindcon Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hindcon 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hindcon 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 main economic indicators.
As of the 3rd of December 2024,
Selling General Administrative is likely to grow to about 52.5
M, while
Tax Provision is likely to drop about 16.7
M.
Hindcon Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Hindcon Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hindcon Chemicals 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.
Other Information on Investing in Hindcon Stock
Balance Sheet is a snapshot of the
financial position of Hindcon Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Hindcon Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hindcon 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 Hindcon currently owns. An asset can also be divided into two categories, current and non-current.