GAIL Stock | | | 199.46 2.76 1.40% |
GAIL financial indicator trend analysis is much more than just examining GAIL Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GAIL Limited is a good investment. Please check the relationship between GAIL Other Operating Expenses and its Net Income From Continuing Ops accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GAIL 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 board of governors.
Other Operating Expenses vs Net Income From Continuing Ops
Other Operating Expenses vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GAIL Limited Other Operating Expenses account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between GAIL's Other Operating Expenses and Net Income From Continuing Ops is 0.45. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of GAIL Limited, assuming nothing else is changed. The correlation between historical values of GAIL's Other Operating Expenses and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of GAIL Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Other Operating Expenses i.e., GAIL's Other Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GAIL Limited. It is also known as GAIL overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Net Income From Continuing Ops
Most indicators from GAIL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GAIL 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GAIL 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 board of governors.
At this time, GAIL's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 56.9
M in 2024, whereas
Tax Provision is likely to drop slightly above 22.4
B in 2024.
GAIL fundamental ratios Correlations
Click cells to compare fundamentals
GAIL Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GAIL fundamental ratios Accounts
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Additional Tools for GAIL Stock Analysis
When running GAIL's price analysis, check to
measure GAIL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GAIL is operating at the current time. Most of GAIL's value examination focuses on studying past and present price action to
predict the probability of GAIL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GAIL's price. Additionally, you may evaluate how the addition of GAIL to your portfolios can decrease your overall portfolio volatility.