POCL Stock | | | 894.80 6.20 0.69% |
Pondy Oxides financial indicator trend analysis is much more than just breaking down Pondy Oxides Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pondy Oxides Chemicals is a good investment. Please check the relationship between Pondy Oxides Total Stockholder Equity and its Inventory accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pondy Oxides Chemicals. 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.
Total Stockholder Equity vs Inventory
Total Stockholder Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pondy Oxides Chemicals Total Stockholder Equity account and
Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Pondy Oxides' Total Stockholder Equity and Inventory is 0.72. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of Pondy Oxides Chemicals, assuming nothing else is changed. The correlation between historical values of Pondy Oxides' Total Stockholder Equity and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Pondy Oxides Chemicals are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Stockholder Equity i.e., Pondy Oxides' Total Stockholder Equity and Inventory go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Inventory
Most indicators from Pondy Oxides' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pondy Oxides Chemicals 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pondy Oxides Chemicals. 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.
Selling General Administrative is likely to gain to about 24.6
M in 2024
Pondy Oxides fundamental ratios Correlations
Click cells to compare fundamentals
Pondy Oxides Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pondy Oxides fundamental ratios Accounts
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