ICICIBANK | | | 1,297 4.80 0.37% |
ICICI Bank financial indicator trend analysis is infinitely more than just investigating ICICI Bank Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICICI Bank Limited is a good investment. Please check the relationship between ICICI Bank Reconciled Depreciation and its Interest Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Bank 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 gross domestic product.
Reconciled Depreciation vs Interest Income
Reconciled Depreciation vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ICICI Bank Limited Reconciled Depreciation account and
Interest Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ICICI Bank's Reconciled Depreciation and Interest Income is 0.98. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Interest Income in the same time period over historical financial statements of ICICI Bank Limited, assuming nothing else is changed. The correlation between historical values of ICICI Bank's Reconciled Depreciation and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of ICICI Bank Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Reconciled Depreciation i.e., ICICI Bank's Reconciled Depreciation and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Reconciled Depreciation
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from ICICI Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ICICI Bank 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Bank 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 gross domestic product.
At present, ICICI Bank's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 162
B, whereas
Issuance Of Capital Stock is forecasted to decline to about 11.1
B.
ICICI Bank fundamental ratios Correlations
Click cells to compare fundamentals
ICICI Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ICICI Bank fundamental ratios Accounts
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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.
When determining whether ICICI Bank Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ICICI Bank's
financial statements, including income statements, balance sheets, and cash flow statements, to assess its
financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Icici Bank Limited Stock.
Outlined below are crucial reports that will aid in making a well-informed decision on Icici Bank Limited Stock: Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Bank 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 gross domestic product.
You can also try the
Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Please note, there is a significant difference between ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.