GRASIM Stock | | | 2,714 20.45 0.76% |
Grasim Industries financial indicator trend analysis is much more than just examining Grasim Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grasim Industries is a good investment. Please check the relationship between Grasim Industries Intangible Assets and its Total Liab accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grasim 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 gross domestic product.
Intangible Assets vs Total Liab
Intangible Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Grasim Industries Intangible Assets account and
Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Grasim Industries' Intangible Assets and Total Liab is 0.9. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Grasim Industries Limited, assuming nothing else is changed. The correlation between historical values of Grasim Industries' Intangible Assets and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Grasim Industries Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Intangible Assets i.e., Grasim Industries' Intangible Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Grasim Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Grasim 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grasim 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 gross domestic product.
At present, Grasim Industries'
Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's
Issuance Of Capital Stock is expected to grow to about 32.2
B, whereas
Selling General Administrative is forecasted to decline to about 3.4
B.
Grasim Industries fundamental ratios Correlations
Click cells to compare fundamentals
Grasim Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Grasim Industries fundamental ratios Accounts
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Other Information on Investing in Grasim Stock
Balance Sheet is a snapshot of the
financial position of Grasim Industries at a specified time, usually calculated after every quarter, six months, or one year. Grasim Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Grasim 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 Grasim currently owns. An asset can also be divided into two categories, current and non-current.