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 Property Plant Equipment and its Other Stockholder Equity 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ingersoll Rand Property Plant Equipment account and
Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ingersoll Rand's Property Plant Equipment and Other Stockholder Equity is 0.44. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Other Stockholder Equity 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 Property Plant Equipment and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Ingersoll Rand Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Property Plant Equipment i.e., Ingersoll Rand's Property Plant Equipment and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.
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.
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.