INDHOTEL | | | 798.05 1.00 0.13% |
Indian Hotels financial indicator trend analysis is infinitely more than just investigating Indian Hotels recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Hotels is a good investment. Please check the relationship between Indian Hotels Tax Provision and its Ebitda accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Indian Hotels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Tax Provision vs Ebitda
Tax Provision vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indian Hotels Tax Provision account and
Ebitda. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Indian Hotels' Tax Provision and Ebitda is 0.9. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Ebitda in the same time period over historical financial statements of The Indian Hotels, assuming nothing else is changed. The correlation between historical values of Indian Hotels' Tax Provision and Ebitda 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 The Indian Hotels are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Tax Provision i.e., Indian Hotels' Tax Provision and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
Ebitda
Most indicators from Indian Hotels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Hotels 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 The Indian Hotels. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
At present, Indian Hotels' Tax Provision is projected to increase significantly based on the last few years of reporting.
Indian Hotels fundamental ratios Correlations
Click cells to compare fundamentals
Indian Hotels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indian Hotels fundamental ratios Accounts
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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.
Other Information on Investing in Indian Stock
Balance Sheet is a snapshot of the
financial position of Indian Hotels at a specified time, usually calculated after every quarter, six months, or one year. Indian Hotels Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indian Hotels 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 Indian currently owns. An asset can also be divided into two categories, current and non-current.