GODREJCP | | | 1,262 21.50 1.73% |
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 Issuance Of Capital Stock and its Other Non Cash Items 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.
Issuance Of Capital Stock vs Other Non Cash Items
Issuance Of Capital Stock vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Godrej Consumer Products Issuance Of Capital Stock account and
Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Godrej Consumer's Issuance Of Capital Stock and Other Non Cash Items is -0.22. Overlapping area represents the amount of variation of Issuance Of Capital Stock that can explain the historical movement of Other Non Cash Items 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 Issuance Of Capital Stock and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Issuance Of Capital Stock of Godrej Consumer Products are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Issuance Of Capital Stock i.e., Godrej Consumer's Issuance Of Capital Stock and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Issuance Of Capital Stock
Other Non Cash Items
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.
At present, Godrej Consumer's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
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
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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 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.