| IDFCFIRSTB | | | 64.08 0.18 0.28% |
IDFC First financial indicator trend analysis is infinitely more than just investigating IDFC First Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDFC First Bank is a good investment. Please check the relationship between IDFC First Net Income and its Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDFC First Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
IDFC First Bank Net Income account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between IDFC First's Net Income and Depreciation is -0.23. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of IDFC First Bank, assuming nothing else is changed. The correlation between historical values of IDFC First's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of IDFC First Bank are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., IDFC First's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in IDFC First Bank financial statement analysis. It represents the amount of money remaining after all of IDFC First Bank operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of IDFC First Bank value has been used up. For tax purposes IDFC First can deduct the cost of the tangible assets it purchases as business expenses. However, IDFC First Bank must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from IDFC First's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDFC First Bank 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 IDFC First Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
As of 12/01/2024,
Tax Provision is likely to grow to about 9.6
B, while
Selling General Administrative is likely to drop slightly above 349.4
M.
IDFC First fundamental ratios Correlations
Click cells to compare fundamentals
IDFC First Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDFC First fundamental ratios Accounts
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Additional Tools for IDFC Stock Analysis
When running IDFC First's price analysis, check to
measure IDFC First'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 IDFC First is operating at the current time. Most of IDFC First's value examination focuses on studying past and present price action to
predict the probability of IDFC First's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDFC First's price. Additionally, you may evaluate how the addition of IDFC First to your portfolios can decrease your overall portfolio volatility.