GUJRAFFIA | | | 44.13 1.76 3.84% |
Gujarat Raffia financial indicator trend analysis is much more than just examining Gujarat Raffia Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gujarat Raffia Industries is a good investment. Please check the relationship between Gujarat Raffia Total Other Income Expense Net and its Total Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gujarat Raffia Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Total Other Income Expense Net vs Total Revenue
Total Other Income Expense Net vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gujarat Raffia Industries Total Other Income Expense Net account and
Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Gujarat Raffia's Total Other Income Expense Net and Total Revenue is -0.25. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Gujarat Raffia Industries, assuming nothing else is changed. The correlation between historical values of Gujarat Raffia's Total Other Income Expense Net and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Gujarat Raffia Industries are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Other Income Expense Net i.e., Gujarat Raffia's Total Other Income Expense Net and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Other Income Expense Net
Total Revenue
Total revenue comprises all receipts Gujarat Raffia Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Gujarat Raffia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gujarat Raffia 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 Gujarat Raffia Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current
Selling General Administrative is estimated to decrease to about 17.2
M. The current
Tax Provision is estimated to decrease to about 1.6
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 32.1M | 28.0M | 20.5M | 19.5M | Total Revenue | 379.8M | 392.4M | 309.1M | 405.7M |
Gujarat Raffia fundamental ratios Correlations
Click cells to compare fundamentals
Gujarat Raffia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gujarat Raffia 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 Gujarat Stock
Balance Sheet is a snapshot of the
financial position of Gujarat Raffia Industries at a specified time, usually calculated after every quarter, six months, or one year. Gujarat Raffia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gujarat Raffia 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 Gujarat currently owns. An asset can also be divided into two categories, current and non-current.