EXIDEIND | | | 452.60 4.45 0.97% |
Exide Industries financial indicator trend analysis is much more than just examining Exide Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Exide Industries is a good investment. Please check the relationship between Exide Industries Extraordinary Items and its Net Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Exide Industries 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 income.
Extraordinary Items vs Net Income
Extraordinary Items vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Exide Industries Extraordinary Items account and
Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Exide Industries' Extraordinary Items and Net Income is 0.98. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Net Income in the same time period over historical financial statements of Exide Industries Limited, assuming nothing else is changed. The correlation between historical values of Exide Industries' Extraordinary Items and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Exide Industries Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Extraordinary Items i.e., Exide Industries' Extraordinary Items and Net Income go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Extraordinary Items
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Exide Industries financial statement analysis. It represents the amount of money remaining after all of Exide Industries Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Exide Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Exide Industries 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 Exide Industries 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 income.
As of the 29th of November 2024,
Selling General Administrative is likely to drop to about 1.9
B. In addition to that,
Tax Provision is likely to drop to about 2.5
BExide Industries fundamental ratios Correlations
Click cells to compare fundamentals
Exide Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Exide Industries fundamental ratios Accounts
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Other Information on Investing in Exide Stock
Balance Sheet is a snapshot of the
financial position of Exide Industries at a specified time, usually calculated after every quarter, six months, or one year. Exide Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Exide Industries 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 Exide currently owns. An asset can also be divided into two categories, current and non-current.