NAM-INDIA | | | 685.50 5.55 0.80% |
Nippon Life financial indicator trend analysis is infinitely more than just investigating Nippon Life India recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nippon Life India is a good investment. Please check the relationship between Nippon Life Property Plant And Equipment Net and its Non Currrent Assets Other accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Property Plant And Equipment Net vs Non Currrent Assets Other
Property Plant And Equipment Net vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nippon Life India Property Plant And Equipment Net account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Nippon Life's Property Plant And Equipment Net and Non Currrent Assets Other is 0.19. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Nippon Life India, assuming nothing else is changed. The correlation between historical values of Nippon Life's Property Plant And Equipment Net and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Nippon Life India are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Property Plant And Equipment Net i.e., Nippon Life's Property Plant And Equipment Net and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Nippon Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nippon Life India 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 Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
At present, Nippon Life's
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
Nippon Life fundamental ratios Correlations
Click cells to compare fundamentals
Nippon Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nippon Life fundamental ratios Accounts
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Other Information on Investing in Nippon Stock
Balance Sheet is a snapshot of the
financial position of Nippon Life India at a specified time, usually calculated after every quarter, six months, or one year. Nippon Life Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nippon Life 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 Nippon currently owns. An asset can also be divided into two categories, current and non-current.