INDOAMIN | | | 167.74 3.39 2.06% |
Indo Amines financial indicator trend analysis is infinitely more than just investigating Indo Amines Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indo Amines Limited is a good investment. Please check the relationship between Indo Amines Short Term Investments and its Other Current Liab accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indo Amines 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 nation.
Short Term Investments vs Other Current Liab
Short Term Investments vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indo Amines Limited Short Term Investments account and
Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Indo Amines' Short Term Investments and Other Current Liab is 0.58. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Indo Amines Limited, assuming nothing else is changed. The correlation between historical values of Indo Amines' Short Term Investments and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Indo Amines Limited are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Term Investments i.e., Indo Amines' Short Term Investments and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Indo Amines balance sheet. It contains any investments Indo Amines Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Indo Amines Limited can easily liquidate in the marketplace.
Other Current Liab
Most indicators from Indo Amines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indo Amines 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 Indo Amines 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 nation.
The current
Selling General Administrative is estimated to decrease to about 76.2
M. The current
Tax Provision is estimated to decrease to about 131.1
MIndo Amines fundamental ratios Correlations
Click cells to compare fundamentals
Indo Amines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indo Amines 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 Indo Stock
Balance Sheet is a snapshot of the
financial position of Indo Amines Limited at a specified time, usually calculated after every quarter, six months, or one year. Indo Amines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indo Amines 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 Indo currently owns. An asset can also be divided into two categories, current and non-current.