IEX Stock | | | 180.62 0.49 0.27% |
Indian Energy financial indicator trend analysis is infinitely more than just investigating Indian Energy Exchange recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Energy Exchange is a good investment. Please check the relationship between Indian Energy Total Current Assets and its Non Current Liabilities Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Energy Exchange. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Total Current Assets vs Non Current Liabilities Total
Total Current Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indian Energy Exchange Total Current Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Indian Energy's Total Current Assets and Non Current Liabilities Total is 0.54. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Indian Energy Exchange, assuming nothing else is changed. The correlation between historical values of Indian Energy's Total Current Assets and Non Current Liabilities Total 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 Current Assets of Indian Energy Exchange are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Indian Energy's Total Current Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Non Current Liabilities Total
Most indicators from Indian Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Energy Exchange 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 Indian Energy Exchange. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
The current year's
Selling General Administrative is expected to grow to about 410.8
M, whereas
Tax Provision is forecasted to decline to about 812
M.
Indian Energy fundamental ratios Correlations
Click cells to compare fundamentals
Indian Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indian Energy 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.
Other Information on Investing in Indian Stock
Balance Sheet is a snapshot of the
financial position of Indian Energy Exchange at a specified time, usually calculated after every quarter, six months, or one year. Indian Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indian Energy 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 Indian currently owns. An asset can also be divided into two categories, current and non-current.