TATACONSUM | | | 957.00 1.65 0.17% |
TATA SUMER financial indicator trend analysis is much more than just breaking down TATA SUMER PRODUCTS prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TATA SUMER PRODUCTS is a good investment. Please check the relationship between TATA SUMER Ebit and its Total Operating Expenses accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TATA SUMER PRODUCTS. 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.
Ebit vs Total Operating Expenses
Ebit vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TATA SUMER PRODUCTS Ebit account and
Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TATA SUMER's Ebit and Total Operating Expenses is 0.81. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of TATA SUMER PRODUCTS, assuming nothing else is changed. The correlation between historical values of TATA SUMER's Ebit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of TATA SUMER PRODUCTS are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Ebit i.e., TATA SUMER's Ebit and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Ebit
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from TATA SUMER's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TATA SUMER PRODUCTS 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 SUMER PRODUCTS. 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.
As of the 3rd of December 2024,
Selling General Administrative is likely to drop to about 1.6
B. In addition to that,
Tax Provision is likely to drop to about 3.4
BTATA SUMER fundamental ratios Correlations
Click cells to compare fundamentals
TATA SUMER Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TATA SUMER 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 TATA Stock
Balance Sheet is a snapshot of the
financial position of TATA SUMER PRODUCTS at a specified time, usually calculated after every quarter, six months, or one year. TATA SUMER Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TATA SUMER 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.