CHEMCON Stock | | | 242.47 7.17 3.05% |
Chemcon Speciality financial indicator trend analysis is way more than just evaluating Chemcon Speciality prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chemcon Speciality is a good investment. Please check the relationship between Chemcon Speciality Total Current Assets and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemcon Speciality Chemicals. 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.
Total Current Assets vs Non Current Liabilities Total
Total Current Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chemcon Speciality Total Current Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Chemcon Speciality's Total Current Assets and Non Current Liabilities Total is 0.18. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Chemcon Speciality Chemicals, assuming nothing else is changed. The correlation between historical values of Chemcon Speciality's Total Current Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Chemcon Speciality Chemicals are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Chemcon Speciality's Total Current Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Non Current Liabilities Total
Most indicators from Chemcon Speciality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chemcon Speciality 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 Chemcon Speciality Chemicals. 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 30th of November 2024,
Tax Provision is likely to grow to about 131.9
M, while
Selling General Administrative is likely to drop about 21.7
M.
Chemcon Speciality fundamental ratios Correlations
Click cells to compare fundamentals
Chemcon Speciality Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chemcon Speciality fundamental ratios Accounts
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Other Information on Investing in Chemcon Stock
Balance Sheet is a snapshot of the
financial position of Chemcon Speciality at a specified time, usually calculated after every quarter, six months, or one year. Chemcon Speciality Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chemcon Speciality 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 Chemcon currently owns. An asset can also be divided into two categories, current and non-current.