GODREJCP | | | 1,245 6.60 0.53% |
Godrej Consumer financial indicator trend analysis is much more than just examining Godrej Consumer Products latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Godrej Consumer Products is a good investment. Please check the relationship between Godrej Consumer Cash and its Property Plant And Equipment Net accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Godrej Consumer Products. 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.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godrej Consumer Products Cash account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have very week relationship.
The correlation between Godrej Consumer's Cash and Property Plant And Equipment Net is 0.23. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Godrej Consumer Products, assuming nothing else is changed. The correlation between historical values of Godrej Consumer's Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Godrej Consumer Products are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Godrej Consumer's Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Godrej Consumer Products, which is listed under current asset account on Godrej Consumer Products balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Godrej Consumer customers. The amounts must be unrestricted with restricted cash listed in a different Godrej Consumer account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Godrej Consumer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Godrej Consumer Products 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 Godrej Consumer Products. 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.
The current year's
Issuance Of Capital Stock is expected to grow to about 93.3
K, whereas
Selling General Administrative is forecasted to decline to about 1.1
B.
Godrej Consumer fundamental ratios Correlations
Click cells to compare fundamentals
Godrej Consumer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Godrej Consumer fundamental ratios Accounts
Also Currently Popular
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 Godrej Stock
Balance Sheet is a snapshot of the
financial position of Godrej Consumer Products at a specified time, usually calculated after every quarter, six months, or one year. Godrej Consumer Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Godrej Consumer 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 Godrej currently owns. An asset can also be divided into two categories, current and non-current.