CIEINDIA | | | 476.45 6.70 1.39% |
CIE Automotive financial indicator trend analysis is way more than just evaluating CIE Automotive India prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CIE Automotive India is a good investment. Please check the relationship between CIE Automotive Good Will and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CIE Automotive India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Good Will vs Inventory
Good Will vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CIE Automotive India Good Will account and
Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CIE Automotive's Good Will and Inventory is 0.91. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Inventory in the same time period over historical financial statements of CIE Automotive India, assuming nothing else is changed. The correlation between historical values of CIE Automotive's Good Will and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of CIE Automotive India are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Good Will i.e., CIE Automotive's Good Will and Inventory go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Inventory
Most indicators from CIE Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CIE Automotive India 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 CIE Automotive India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current
Selling General Administrative is estimated to decrease to about 851.3
M. The current
Tax Provision is estimated to decrease to about 2
BCIE Automotive fundamental ratios Correlations
Click cells to compare fundamentals
CIE Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CIE Automotive 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 CIE Stock
Balance Sheet is a snapshot of the
financial position of CIE Automotive India at a specified time, usually calculated after every quarter, six months, or one year. CIE Automotive Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CIE Automotive 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 CIE currently owns. An asset can also be divided into two categories, current and non-current.