HAPPSTMNDS | | | 730.10 5.55 0.77% |
Happiest Minds financial indicator trend analysis is much more than just examining Happiest Minds Techn latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Happiest Minds Techn is a good investment. Please check the relationship between Happiest Minds Cash And Short Term Investments and its Retained Earnings accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Happiest Minds Technologies. 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.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Happiest Minds Techn Cash And Short Term Investments account and
Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Happiest Minds' Cash And Short Term Investments and Retained Earnings is 0.95. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Happiest Minds Technologies, assuming nothing else is changed. The correlation between historical values of Happiest Minds' Cash And Short Term Investments and Retained Earnings 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 And Short Term Investments of Happiest Minds Technologies are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., Happiest Minds' Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Happiest Minds Techn balance sheet. This account contains Happiest Minds investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Happiest Minds Technologies fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Happiest Minds' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Happiest Minds Techn 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 Happiest Minds Technologies. 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.
At this time, Happiest Minds'
Tax Provision is very stable compared to the past year. As of the 28th of November 2024,
Issuance Of Capital Stock is likely to grow to about 5.1
B, while
Selling General Administrative is likely to drop about 117.3
M.
Happiest Minds fundamental ratios Correlations
Click cells to compare fundamentals
Happiest Minds Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Happiest Minds 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 Happiest Stock
Balance Sheet is a snapshot of the
financial position of Happiest Minds Techn at a specified time, usually calculated after every quarter, six months, or one year. Happiest Minds Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Happiest Minds 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 Happiest currently owns. An asset can also be divided into two categories, current and non-current.