INDRAMEDCO | | | 436.85 0.55 0.13% |
Indraprastha Medical financial indicator trend analysis is infinitely more than just investigating Indraprastha Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indraprastha Medical is a good investment. Please check the relationship between Indraprastha Medical Short Term Investments and its Total Current Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indraprastha Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Short Term Investments vs Total Current Assets
Short Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indraprastha Medical Short Term Investments account and
Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Indraprastha Medical's Short Term Investments and Total Current Assets is 0.69. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Indraprastha Medical, assuming nothing else is changed. The correlation between historical values of Indraprastha Medical's Short Term Investments and Total 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 Short Term Investments of Indraprastha Medical are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Investments i.e., Indraprastha Medical's Short Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of Indraprastha Medical balance sheet. It contains any investments Indraprastha Medical undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Indraprastha Medical can easily liquidate in the marketplace.
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.
Most indicators from Indraprastha Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indraprastha Medical 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 Indraprastha Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Tax Provision is expected to grow to about 442.6
M, whereas
Selling General Administrative is forecasted to decline to about 111.6
M.
Indraprastha Medical fundamental ratios Correlations
Click cells to compare fundamentals
Indraprastha Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indraprastha Medical fundamental ratios Accounts
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Other Information on Investing in Indraprastha Stock
Balance Sheet is a snapshot of the
financial position of Indraprastha Medical at a specified time, usually calculated after every quarter, six months, or one year. Indraprastha Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indraprastha Medical 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 Indraprastha currently owns. An asset can also be divided into two categories, current and non-current.