Goldenstone Investments vs Net Income Analysis
GDST Stock | USD 11.20 0.00 0.00% |
Goldenstone Acquisition financial indicator trend analysis is much more than just examining Goldenstone Acquisition latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goldenstone Acquisition is a good investment. Please check the relationship between Goldenstone Acquisition Investments and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldenstone Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Goldenstone Stock please use our How to Invest in Goldenstone Acquisition guide.
Investments vs Net Income
Investments vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goldenstone Acquisition Investments account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Goldenstone Acquisition's Investments and Net Income is 0.86. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Income in the same time period over historical financial statements of Goldenstone Acquisition, assuming nothing else is changed. The correlation between historical values of Goldenstone Acquisition's Investments 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 Investments of Goldenstone Acquisition 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 Investments i.e., Goldenstone Acquisition's Investments and Net Income go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Goldenstone Acquisition financial statement analysis. It represents the amount of money remaining after all of Goldenstone Acquisition operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Goldenstone Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goldenstone Acquisition 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 Goldenstone Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Goldenstone Stock please use our How to Invest in Goldenstone Acquisition guide.At this time, Goldenstone Acquisition's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 38.48 in 2024, whereas Tax Provision is likely to drop slightly above 336.5 K in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 2.2K | 1.5M | 2.9M | 1.6M | Net Interest Income | 2.2K | 1.5M | 2.9M | 1.6M |
Goldenstone Acquisition fundamental ratios Correlations
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Goldenstone Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Goldenstone Stock Analysis
When running Goldenstone Acquisition's price analysis, check to measure Goldenstone Acquisition'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 Goldenstone Acquisition is operating at the current time. Most of Goldenstone Acquisition's value examination focuses on studying past and present price action to predict the probability of Goldenstone Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldenstone Acquisition's price. Additionally, you may evaluate how the addition of Goldenstone Acquisition to your portfolios can decrease your overall portfolio volatility.