IDEA Stock | | | 8.36 0.02 0.24% |
Vodafone Idea financial indicator trend analysis is much more than just breaking down Vodafone Idea Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vodafone Idea Limited is a good investment. Please check the relationship between Vodafone Idea Issuance Of Capital Stock and its Net Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Vodafone Idea Limited. 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.
Issuance Of Capital Stock vs Net Income
Issuance Of Capital Stock vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vodafone Idea Limited Issuance Of Capital Stock account and
Net Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Vodafone Idea's Issuance Of Capital Stock and Net Income is -0.73. Overlapping area represents the amount of variation of Issuance Of Capital Stock that can explain the historical movement of Net Income in the same time period over historical financial statements of Vodafone Idea Limited, assuming nothing else is changed. The correlation between historical values of Vodafone Idea's Issuance Of Capital Stock and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Issuance Of Capital Stock of Vodafone Idea Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Issuance Of Capital Stock i.e., Vodafone Idea's Issuance Of Capital Stock and Net Income go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Issuance Of Capital Stock
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Vodafone Idea Limited financial statement analysis. It represents the amount of money remaining after all of Vodafone Idea Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Vodafone Idea's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vodafone Idea Limited 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 Vodafone Idea Limited. 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 is likely to gain to about 9.9
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 773.3
M in 2024.
Vodafone Idea fundamental ratios Correlations
Click cells to compare fundamentals
Vodafone Idea Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vodafone Idea fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for Vodafone Stock Analysis
When running Vodafone Idea's price analysis, check to
measure Vodafone Idea'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 Vodafone Idea is operating at the current time. Most of Vodafone Idea's value examination focuses on studying past and present price action to
predict the probability of Vodafone Idea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vodafone Idea's price. Additionally, you may evaluate how the addition of Vodafone Idea to your portfolios can decrease your overall portfolio volatility.