IGL Stock | | | 319.45 0.05 0.02% |
Indraprastha Gas financial indicator trend analysis is infinitely more than just investigating Indraprastha Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indraprastha Gas is a good investment. Please check the relationship between Indraprastha Gas Common Stock and its Property Plant And Equipment Net accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indraprastha Gas 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.
Common Stock vs Property Plant And Equipment Net
Common Stock vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indraprastha Gas Common Stock account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Indraprastha Gas' Common Stock and Property Plant And Equipment Net is -0.66. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Indraprastha Gas Limited, assuming nothing else is changed. The correlation between historical values of Indraprastha Gas' Common Stock and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Indraprastha Gas Limited are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Common Stock i.e., Indraprastha Gas' Common Stock and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Common Stock
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Indraprastha Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indraprastha Gas 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 Indraprastha Gas 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.
The current year's
Selling General Administrative is expected to grow to about 4.6
B. The current year's
Tax Provision is expected to grow to about 5.9
BIndraprastha Gas fundamental ratios Correlations
Click cells to compare fundamentals
Indraprastha Gas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indraprastha Gas fundamental ratios Accounts
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Other Information on Investing in Indraprastha Stock
Balance Sheet is a snapshot of the
financial position of Indraprastha Gas at a specified time, usually calculated after every quarter, six months, or one year. Indraprastha Gas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indraprastha Gas 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 Indraprastha currently owns. An asset can also be divided into two categories, current and non-current.