DELHIVERY | | | 345.85 0.50 0.14% |
Delhivery financial indicator trend analysis is much more than just examining Delhivery Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Delhivery Limited is a good investment. Please check the relationship between Delhivery Current Deferred Revenue and its Total Current Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delhivery 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.
Current Deferred Revenue vs Total Current Assets
Current Deferred Revenue vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Delhivery Limited Current Deferred Revenue account and
Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Delhivery's Current Deferred Revenue and Total Current Assets is -0.15. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Delhivery Limited, assuming nothing else is changed. The correlation between historical values of Delhivery's Current Deferred Revenue and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Delhivery Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Current Deferred Revenue i.e., Delhivery's Current Deferred Revenue and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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.
Most indicators from Delhivery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Delhivery 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delhivery 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 49.7
M, whereas
Selling General Administrative is forecasted to decline to about 508
M.
Delhivery fundamental ratios Correlations
Click cells to compare fundamentals
Delhivery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Delhivery 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 Delhivery Stock
Balance Sheet is a snapshot of the
financial position of Delhivery Limited at a specified time, usually calculated after every quarter, six months, or one year. Delhivery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Delhivery 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 Delhivery currently owns. An asset can also be divided into two categories, current and non-current.