NAHARPOLY | | | 287.75 0.85 0.29% |
Nahar Poly financial indicator trend analysis is infinitely more than just investigating Nahar Poly Films recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nahar Poly Films is a good investment. Please check the relationship between Nahar Poly Interest Expense and its Interest Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nahar Poly Films. 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.
Interest Expense vs Interest Income
Interest Expense vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nahar Poly Films Interest Expense account and
Interest Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Nahar Poly's Interest Expense and Interest Income is 0.63. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Interest Income in the same time period over historical financial statements of Nahar Poly Films, assuming nothing else is changed. The correlation between historical values of Nahar Poly's Interest Expense and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Nahar Poly Films are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Interest Expense i.e., Nahar Poly's Interest Expense and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Nahar Poly's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nahar Poly Films 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 Nahar Poly Films. 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.
As of the 4th of December 2024,
Selling General Administrative is likely to grow to about 26.5
M, though
Tax Provision is likely to grow to (28.2
M).
Nahar Poly fundamental ratios Correlations
Click cells to compare fundamentals
Nahar Poly Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nahar Poly 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 Nahar Stock
Balance Sheet is a snapshot of the
financial position of Nahar Poly Films at a specified time, usually calculated after every quarter, six months, or one year. Nahar Poly Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nahar Poly 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 Nahar currently owns. An asset can also be divided into two categories, current and non-current.