APARINDS | | | 9,562 256.50 2.76% |
Apar Industries financial indicator trend analysis is way more than just evaluating Apar Industries prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apar Industries is a good investment. Please check the relationship between Apar Industries Investments and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Apar Industries 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 gross domestic product.
Investments vs Net Income
Investments vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Apar Industries Investments account and
Net Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Apar Industries' Investments and Net Income is -0.8. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Income in the same time period over historical financial statements of Apar Industries Limited, assuming nothing else is changed. The correlation between historical values of Apar Industries' Investments and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Apar Industries Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Investments i.e., Apar Industries' Investments and Net Income go up and down completely randomly.
Correlation Coefficient | -0.8 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Apar Industries financial statement analysis. It represents the amount of money remaining after all of Apar Industries Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Apar Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apar Industries 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Apar Industries 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 gross domestic product.
The current year's
Tax Provision is expected to grow to about 2.9
B, whereas
Selling General Administrative is forecasted to decline to about 364
M.
Apar Industries fundamental ratios Correlations
Click cells to compare fundamentals
Apar Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Apar Industries fundamental ratios Accounts
Also Currently Popular
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 Apar Stock
Balance Sheet is a snapshot of the
financial position of Apar Industries at a specified time, usually calculated after every quarter, six months, or one year. Apar Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Apar Industries 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 Apar currently owns. An asset can also be divided into two categories, current and non-current.