IOC Stock | | | 136.96 0.19 0.14% |
Indian Oil financial indicator trend analysis is infinitely more than just investigating Indian Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Oil is a good investment. Please check the relationship between Indian Oil Good Will and its Short Long Term Debt Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Good Will vs Short Long Term Debt Total
Good Will vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indian Oil Good Will account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Indian Oil's Good Will and Short Long Term Debt Total is -0.62. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Indian Oil, assuming nothing else is changed. The correlation between historical values of Indian Oil's Good Will and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Indian Oil are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Good Will i.e., Indian Oil's Good Will and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Short Long Term Debt Total
Most indicators from Indian Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Oil 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 Indian Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 6.9
B. In addition to that,
Tax Provision is expected to decline to about 77.5
BIndian Oil fundamental ratios Correlations
Click cells to compare fundamentals
Indian Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indian Oil 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 Oil at a specified time, usually calculated after every quarter, six months, or one year. Indian Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indian Oil 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.