TATACOMM | | | 1,745 14.90 0.85% |
Tata Communications financial indicator trend analysis is much more than just breaking down Tata Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tata Communications is a good investment. Please check the relationship between Tata Communications Selling General Administrative and its Net Income From Continuing Ops accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tata Communications 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 main economic indicators.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tata Communications Selling General Administrative account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tata Communications' Selling General Administrative and Net Income From Continuing Ops is -0.35. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Tata Communications Limited, assuming nothing else is changed. The correlation between historical values of Tata Communications' Selling General Administrative and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Tata Communications Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Selling General Administrative i.e., Tata Communications' Selling General Administrative and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Most indicators from Tata Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tata Communications 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 Tata Communications 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 main economic indicators.
At this time, Tata Communications'
Discontinued Operations is very stable compared to the past year. As of the 29th of November 2024,
Tax Provision is likely to grow to about 3.2
B, while Selling General Administrative is likely to drop about 1.7
B.
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.
Balance Sheet is a snapshot of the
financial position of Tata Communications at a specified time, usually calculated after every quarter, six months, or one year. Tata Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tata Communications 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 Tata currently owns. An asset can also be divided into two categories, current and non-current.