| HYUD Stock | | | 56.20 0.20 0.36% |
Hyundai financial indicator trend analysis is much more than just examining Hyundai Motor latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hyundai Motor is a good investment. Please check the relationship between Hyundai Tax Provision and its Minority Interest accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyundai Motor. 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.
Tax Provision vs Minority Interest
Tax Provision vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hyundai Motor Tax Provision account and
Minority Interest. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hyundai's Tax Provision and Minority Interest is 0.23. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Hyundai Motor, assuming nothing else is changed. The correlation between historical values of Hyundai's Tax Provision and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Hyundai Motor are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Tax Provision i.e., Hyundai's Tax Provision and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Hyundai Motor whose combined shares represent less than 50% of the total outstanding shares issued by Hyundai have a minority interest in Hyundai.
Most indicators from Hyundai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hyundai Motor 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 Hyundai Motor. 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.
Selling General Administrative is likely to drop to about 1.6
T in 2024. Tax Provision is likely to drop to about 2.5
T in 2024
Hyundai fundamental ratios Correlations
Click cells to compare fundamentals
Hyundai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hyundai fundamental ratios Accounts
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Additional Tools for Hyundai Stock Analysis
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measure Hyundai's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hyundai is operating at the current time. Most of Hyundai's value examination focuses on studying past and present price action to
predict the probability of Hyundai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyundai's price. Additionally, you may evaluate how the addition of Hyundai to your portfolios can decrease your overall portfolio volatility.