HGS Stock | | | 614.85 1.35 0.22% |
Hinduja Global financial indicator trend analysis is much more than just examining Hinduja Global Solutions latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hinduja Global Solutions is a good investment. Please check the relationship between Hinduja Global Other Operating Expenses and its Cost Of Revenue accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hinduja Global Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Operating Expenses vs Cost Of Revenue
Other Operating Expenses vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hinduja Global Solutions Other Operating Expenses account and
Cost Of Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hinduja Global's Other Operating Expenses and Cost Of Revenue is 0.36. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Hinduja Global Solutions, assuming nothing else is changed. The correlation between historical values of Hinduja Global's Other Operating Expenses and Cost Of 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 Other Operating Expenses of Hinduja Global Solutions are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Other Operating Expenses i.e., Hinduja Global's Other Operating Expenses and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hinduja Global Solutions. It is also known as Hinduja Global overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Cost Of Revenue
Cost of Revenue is found on Hinduja Global Solutions income statement and represents the costs associated with goods and services Hinduja Global provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Hinduja Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hinduja Global Solutions 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 Hinduja Global Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 346.8
M. The current year's
Tax Provision is expected to grow to about (196.5
M)
Hinduja Global fundamental ratios Correlations
Click cells to compare fundamentals
Hinduja Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hinduja Global 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 Hinduja Stock
Balance Sheet is a snapshot of the
financial position of Hinduja Global Solutions at a specified time, usually calculated after every quarter, six months, or one year. Hinduja Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hinduja Global 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 Hinduja currently owns. An asset can also be divided into two categories, current and non-current.