KOTAKBANK | | | 1,744 19.90 1.13% |
Kotak Mahindra financial indicator trend analysis is infinitely more than just investigating Kotak Mahindra Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kotak Mahindra Bank is a good investment. Please check the relationship between Kotak Mahindra Income Before Tax and its Ebit accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kotak Mahindra Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Income Before Tax vs Ebit
Income Before Tax vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kotak Mahindra Bank Income Before Tax account and
Ebit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kotak Mahindra's Income Before Tax and Ebit is 0.73. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit in the same time period over historical financial statements of Kotak Mahindra Bank, assuming nothing else is changed. The correlation between historical values of Kotak Mahindra's Income Before Tax and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Kotak Mahindra Bank are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., Kotak Mahindra's Income Before Tax and Ebit go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Kotak Mahindra income statement and is an important metric when analyzing Kotak Mahindra Bank profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Ebit
Most indicators from Kotak Mahindra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kotak Mahindra Bank 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kotak Mahindra Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
The current year's
Selling General Administrative is expected to grow to about 14.5
B, whereas
Tax Provision is forecasted to decline to about 38.2
B.
Kotak Mahindra fundamental ratios Correlations
Click cells to compare fundamentals
Kotak Mahindra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kotak Mahindra 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 Kotak Stock
Balance Sheet is a snapshot of the
financial position of Kotak Mahindra Bank at a specified time, usually calculated after every quarter, six months, or one year. Kotak Mahindra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kotak Mahindra 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 Kotak currently owns. An asset can also be divided into two categories, current and non-current.