DEVYANI Stock | | | 165.23 0.41 0.25% |
Devyani International financial indicator trend analysis is much more than just examining Devyani International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devyani International is a good investment. Please check the relationship between Devyani International Non Current Liabilities Total and its Other Stockholder Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devyani International 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 nation.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Devyani International Non Current Liabilities Total account and
Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Devyani International's Non Current Liabilities Total and Other Stockholder Equity is 0.73. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Devyani International Limited, assuming nothing else is changed. The correlation between historical values of Devyani International's Non Current Liabilities Total and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Devyani International Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Non Current Liabilities Total i.e., Devyani International's Non Current Liabilities Total and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Devyani International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devyani International 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 Devyani International 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 nation.
As of now, Devyani International's
Discontinued Operations is increasing as compared to previous years. The Devyani International's current
Tax Provision is estimated to increase to about 139.9
M, while
Selling General Administrative is projected to decrease to under 285.3
M.
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.
Balance Sheet is a snapshot of the
financial position of Devyani International at a specified time, usually calculated after every quarter, six months, or one year. Devyani International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Devyani International 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 Devyani currently owns. An asset can also be divided into two categories, current and non-current.