| INGERRAND | | | 4,485 106.55 2.32% |
Ingersoll Rand financial indicator trend analysis is infinitely more than just investigating Ingersoll Rand recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingersoll Rand is a good investment. Please check the relationship between Ingersoll Rand Accounts Payable and its Common Stock Shares Outstanding accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ingersoll Rand 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 metropolitan statistical area.
For information on how to trade Ingersoll Stock refer to our
How to Trade Ingersoll Stock guide.
Accounts Payable vs Common Stock Shares Outstanding
Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ingersoll Rand Accounts Payable account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ingersoll Rand's Accounts Payable and Common Stock Shares Outstanding is -0.06. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Ingersoll Rand Limited, assuming nothing else is changed. The correlation between historical values of Ingersoll Rand's Accounts Payable and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Ingersoll Rand Limited are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Accounts Payable i.e., Ingersoll Rand's Accounts Payable and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Ingersoll Rand obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Ingersoll Rand are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Ingersoll Rand's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingersoll Rand 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 Ingersoll Rand 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 metropolitan statistical area.
For information on how to trade Ingersoll Stock refer to our
How to Trade Ingersoll Stock guide.At present, Ingersoll Rand's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Discontinued Operations is expected to grow to about 18.6
M, whereas
Tax Provision is forecasted to decline to about 475.6
M.
Ingersoll Rand fundamental ratios Correlations
Click cells to compare fundamentals
Ingersoll Rand Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ingersoll Rand 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 Ingersoll Stock
Balance Sheet is a snapshot of the
financial position of Ingersoll Rand at a specified time, usually calculated after every quarter, six months, or one year. Ingersoll Rand Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ingersoll Rand 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 Ingersoll currently owns. An asset can also be divided into two categories, current and non-current.