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 Non Currrent Assets Other and its Other Stockholder Equity 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.
Non Currrent Assets Other vs Other Stockholder Equity
Non Currrent Assets Other vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Exide Industries Non Currrent Assets Other account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Exide Industries' Non Currrent Assets Other and Other Stockholder Equity is -0.09. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Stockholder Equity 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' Non Currrent Assets Other 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 Currrent Assets Other of Exide Industries 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 Currrent Assets Other i.e., Exide Industries' Non Currrent Assets Other and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Other Stockholder Equity
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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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 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.