| HINDCON Stock | | | 55.83 7.63 15.83% |
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 Total Stockholder Equity and its Cash And Short Term Investments 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.
Total Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hindcon Chemicals Total Stockholder Equity account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hindcon Chemicals' Total Stockholder Equity and Cash And Short Term Investments is 0.83. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments 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' Total Stockholder Equity and Cash And Short Term Investments 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 Stockholder Equity of Hindcon Chemicals Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Hindcon Chemicals' Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.83 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Hindcon Chemicals balance sheet. This account contains Hindcon Chemicals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Hindcon Chemicals Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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 2nd 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
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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.