JINDRILL | | | 786.20 11.15 1.40% |
Jindal Drilling financial indicator trend analysis is infinitely more than just investigating Jindal Drilling And recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jindal Drilling And is a good investment. Please check the relationship between Jindal Drilling Retained Earnings and its Cash accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Drilling And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jindal Drilling And Retained Earnings account and
Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Jindal Drilling's Retained Earnings and Cash is -0.19. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Jindal Drilling And, assuming nothing else is changed. The correlation between historical values of Jindal Drilling's Retained Earnings 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 Retained Earnings of Jindal Drilling And 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 Retained Earnings i.e., Jindal Drilling's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Cash
Cash refers to the most liquid asset of Jindal Drilling And, which is listed under current asset account on Jindal Drilling And balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jindal Drilling customers. The amounts must be unrestricted with restricted cash listed in a different Jindal Drilling 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 Jindal Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jindal Drilling And 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 Jindal Drilling And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Tax Provision is expected to rise to about 394.3
M this year, although the value of
Selling General Administrative will most likely fall to about 19.7
M.
Jindal Drilling fundamental ratios Correlations
Click cells to compare fundamentals
Jindal Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jindal Drilling 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 Jindal Stock
Balance Sheet is a snapshot of the
financial position of Jindal Drilling And at a specified time, usually calculated after every quarter, six months, or one year. Jindal Drilling Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jindal Drilling 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 Jindal currently owns. An asset can also be divided into two categories, current and non-current.