Indegene Good Will vs Cash Analysis
| INDGN Stock | 590.90 0.15 0.03% |
Indegene financial indicator trend analysis is infinitely more than just investigating Indegene recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indegene is a good investment. Please check the relationship between Indegene Good Will and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indegene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Good Will vs Cash
Good Will vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indegene Good Will account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Indegene's Good Will and Cash is -0.27. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash in the same time period over historical financial statements of Indegene, assuming nothing else is changed. The correlation between historical values of Indegene's Good Will and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Indegene are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Good Will i.e., Indegene's Good Will and Cash go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Cash
Cash refers to the most liquid asset of Indegene, which is listed under current asset account on Indegene balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Indegene customers. The amounts must be unrestricted with restricted cash listed in a different Indegene account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Indegene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indegene 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 Indegene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 11th of December 2024, Selling General Administrative is likely to drop to about 650.9 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16.6B | 23.1B | 25.9B | 18.0B | Depreciation And Amortization | 334.5M | 598.1M | 506M | 412.4M |
Indegene fundamental ratios Correlations
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Indegene Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Indegene Stock
Balance Sheet is a snapshot of the financial position of Indegene at a specified time, usually calculated after every quarter, six months, or one year. Indegene Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indegene 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 Indegene currently owns. An asset can also be divided into two categories, current and non-current.