ICICIGI Stock | | | 1,864 9.30 0.50% |
ICICI Lombard financial indicator trend analysis is infinitely more than just investigating ICICI Lombard General recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICICI Lombard General is a good investment. Please check the relationship between ICICI Lombard Long Term Investments and its Other Current Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Lombard General. 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.
Long Term Investments vs Other Current Assets
Long Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ICICI Lombard General Long Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ICICI Lombard's Long Term Investments and Other Current Assets is 0.93. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of ICICI Lombard General, assuming nothing else is changed. The correlation between historical values of ICICI Lombard's Long Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of ICICI Lombard General are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Investments i.e., ICICI Lombard's Long Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of ICICI Lombard balance sheet that represents investments ICICI Lombard General intends to hold for over a year. ICICI Lombard General long term investments may include different instruments such as stocks, bonds, real estate and cash.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from ICICI Lombard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ICICI Lombard General 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 Lombard General. 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.
The ICICI Lombard's current
Issuance Of Capital Stock is estimated to increase to about 1.7
B, while
Selling General Administrative is projected to decrease to under 1.2
B.
ICICI Lombard fundamental ratios Correlations
Click cells to compare fundamentals
ICICI Lombard Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ICICI Lombard 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 ICICI Stock
Balance Sheet is a snapshot of the
financial position of ICICI Lombard General at a specified time, usually calculated after every quarter, six months, or one year. ICICI Lombard Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ICICI Lombard 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 ICICI currently owns. An asset can also be divided into two categories, current and non-current.