MFSL Stock | | | 1,170 27.60 2.42% |
Max Financial financial indicator trend analysis is infinitely more than just investigating Max Financial Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Max Financial Services is a good investment. Please check the relationship between Max Financial Non Current Assets Total and its Good Will accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Max Financial Services. 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.
Non Current Assets Total vs Good Will
Non Current Assets Total vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Max Financial Services Non Current Assets Total account and
Good Will. At this time, the significance of the direction appears to have very week relationship.
The correlation between Max Financial's Non Current Assets Total and Good Will is 0.21. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Good Will in the same time period over historical financial statements of Max Financial Services, assuming nothing else is changed. The correlation between historical values of Max Financial's Non Current Assets Total and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Max Financial Services are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Non Current Assets Total i.e., Max Financial's Non Current Assets Total and Good Will go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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.
Most indicators from Max Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Max Financial Services 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 Max Financial Services. 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.
At this time, Max Financial's
Selling General Administrative is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 84.5
M in 2024, whereas
Tax Provision is likely to drop slightly above 211.3
M in 2024.
Max Financial fundamental ratios Correlations
Click cells to compare fundamentals
Max Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Max Financial fundamental ratios Accounts
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