HONAUT Stock | | | 41,413 393.30 0.96% |
Honeywell Automation financial indicator trend analysis is much more than just examining Honeywell Automation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Honeywell Automation is a good investment. Please check the relationship between Honeywell Automation Non Current Assets Total and its Property Plant Equipment accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honeywell Automation India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Non Current Assets Total vs Property Plant Equipment
Non Current Assets Total vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Honeywell Automation Non Current Assets Total account and
Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Honeywell Automation's Non Current Assets Total and Property Plant Equipment is 0.63. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Honeywell Automation India, assuming nothing else is changed. The correlation between historical values of Honeywell Automation's Non Current Assets Total and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Honeywell Automation India are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Current Assets Total i.e., Honeywell Automation's Non Current Assets Total and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Property Plant Equipment
Most indicators from Honeywell Automation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Honeywell Automation 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 Honeywell Automation India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
The current year's
Selling General Administrative is expected to grow to about 3.4
B, whereas
Tax Provision is forecasted to decline to about 1.6
B.
Honeywell Automation fundamental ratios Correlations
Click cells to compare fundamentals
Honeywell Automation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Honeywell Automation fundamental ratios Accounts
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Other Information on Investing in Honeywell Stock
Balance Sheet is a snapshot of the
financial position of Honeywell Automation at a specified time, usually calculated after every quarter, six months, or one year. Honeywell Automation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Honeywell Automation 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 Honeywell currently owns. An asset can also be divided into two categories, current and non-current.