SANDHAR Stock | | | 516.75 2.90 0.56% |
Sandhar Technologies financial indicator trend analysis is much more than just breaking down Sandhar Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sandhar Technologies is a good investment. Please check the relationship between Sandhar Technologies Good Will and its Total Current Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sandhar Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Good Will vs Total Current Assets
Good Will vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sandhar Technologies Good Will account and
Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sandhar Technologies' Good Will and Total Current Assets is 0.7. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Sandhar Technologies Limited, assuming nothing else is changed. The correlation between historical values of Sandhar Technologies' Good Will and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Sandhar Technologies Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Good Will i.e., Sandhar Technologies' Good Will and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Sandhar Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sandhar Technologies 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sandhar Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
As of 12/28/2024,
Selling General Administrative is likely to drop to about 210.1
M. In addition to that,
Tax Provision is likely to drop to about 288.9
MSandhar Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Sandhar Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sandhar Technologies fundamental ratios Accounts
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Additional Tools for Sandhar Stock Analysis
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measure Sandhar Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sandhar Technologies is operating at the current time. Most of Sandhar Technologies' value examination focuses on studying past and present price action to
predict the probability of Sandhar Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandhar Technologies' price. Additionally, you may evaluate how the addition of Sandhar Technologies to your portfolios can decrease your overall portfolio volatility.