BAJAJHLDNG | | | 10,468 78.25 0.75% |
Bajaj Holdings financial indicator trend analysis is way more than just evaluating Bajaj Holdings Investment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bajaj Holdings Investment is a good investment. Please check the relationship between Bajaj Holdings Common Stock and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bajaj Holdings Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Common Stock vs Cash
Common Stock vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bajaj Holdings Investment Common Stock account and
Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bajaj Holdings' Common Stock and Cash is -0.15. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Bajaj Holdings Investment, assuming nothing else is changed. The correlation between historical values of Bajaj Holdings' Common Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Bajaj Holdings Investment are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock i.e., Bajaj Holdings' Common Stock and Cash go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock
Cash
Cash refers to the most liquid asset of Bajaj Holdings Investment, which is listed under current asset account on Bajaj Holdings Investment balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Bajaj Holdings customers. The amounts must be unrestricted with restricted cash listed in a different Bajaj Holdings account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Bajaj Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bajaj Holdings Investment 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 Bajaj Holdings Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Selling General Administrative is expected to rise to about 768
M this year, although the value of
Tax Provision will most likely fall to about 948.9
M.
Bajaj Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Bajaj Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bajaj Holdings fundamental ratios Accounts
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Other Information on Investing in Bajaj Stock
Balance Sheet is a snapshot of the
financial position of Bajaj Holdings Investment at a specified time, usually calculated after every quarter, six months, or one year. Bajaj Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bajaj Holdings 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 Bajaj currently owns. An asset can also be divided into two categories, current and non-current.