BAJFINANCE | | | 6,618 67.45 1.01% |
Bajaj Finance financial indicator trend analysis is way more than just evaluating Bajaj Finance Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bajaj Finance Limited is a good investment. Please check the relationship between Bajaj Finance Change To Account Receivables and its Net Borrowings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bajaj Finance 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.
Change To Account Receivables vs Net Borrowings
Change To Account Receivables vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bajaj Finance Limited Change To Account Receivables account and
Net Borrowings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bajaj Finance's Change To Account Receivables and Net Borrowings is -0.05. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Bajaj Finance Limited, assuming nothing else is changed. The correlation between historical values of Bajaj Finance's Change To Account Receivables and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Bajaj Finance Limited are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Account Receivables i.e., Bajaj Finance's Change To Account Receivables and Net Borrowings go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Account Receivables
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Bajaj Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bajaj Finance Limited 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 Finance 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.
At present, Bajaj Finance's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 98.3
B, whereas
Tax Provision is forecasted to decline to about 24.7
B.
Bajaj Finance fundamental ratios Correlations
Click cells to compare fundamentals
Bajaj Finance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bajaj Finance 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 Finance Limited at a specified time, usually calculated after every quarter, six months, or one year. Bajaj Finance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bajaj Finance 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.