INDRAMEDCO | | | 459.75 22.90 5.24% |
Indraprastha Medical financial indicator trend analysis is infinitely more than just investigating Indraprastha Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indraprastha Medical is a good investment. Please check the relationship between Indraprastha Medical Common Stock and its Intangible Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indraprastha Medical. 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.
Common Stock vs Intangible Assets
Common Stock vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indraprastha Medical Common Stock account and
Intangible Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Indraprastha Medical's Common Stock and Intangible Assets is 0.0. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Indraprastha Medical, assuming nothing else is changed. The correlation between historical values of Indraprastha Medical's Common Stock and Intangible Assets 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 Medical are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Common Stock i.e., Indraprastha Medical's Common Stock and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.0 |
Relationship Direction | Flat |
Relationship Strength | Insignificant |
Common Stock
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Indraprastha Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indraprastha Medical 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 Medical. 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 year's
Tax Provision is expected to grow to about 442.6
M, whereas
Selling General Administrative is forecasted to decline to about 111.6
M.
Indraprastha Medical fundamental ratios Correlations
Click cells to compare fundamentals
Indraprastha Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indraprastha Medical 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.
Other Information on Investing in Indraprastha Stock
Balance Sheet is a snapshot of the
financial position of Indraprastha Medical at a specified time, usually calculated after every quarter, six months, or one year. Indraprastha Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indraprastha Medical 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.