JSWSTEEL | | | 977.35 33.20 3.52% |
JSW Steel financial indicator trend analysis is infinitely more than just investigating JSW Steel Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JSW Steel Limited is a good investment. Please check the relationship between JSW Steel Current Deferred Revenue and its Cash And Short Term Investments accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JSW Steel 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 estimate.
Current Deferred Revenue vs Cash And Short Term Investments
Current Deferred Revenue vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JSW Steel Limited Current Deferred Revenue account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between JSW Steel's Current Deferred Revenue and Cash And Short Term Investments is 0.71. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of JSW Steel Limited, assuming nothing else is changed. The correlation between historical values of JSW Steel's Current Deferred Revenue and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of JSW Steel Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., JSW Steel's Current Deferred Revenue and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of JSW Steel Limited balance sheet. This account contains JSW Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by JSW Steel Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from JSW Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JSW Steel 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 JSW Steel 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 estimate.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 3.5
B. In addition to that,
Tax Provision is expected to decline to about 30.8
BJSW Steel fundamental ratios Correlations
Click cells to compare fundamentals
JSW Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JSW Steel fundamental ratios Accounts
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Other Information on Investing in JSW Stock
Balance Sheet is a snapshot of the
financial position of JSW Steel Limited at a specified time, usually calculated after every quarter, six months, or one year. JSW Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JSW Steel 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 JSW currently owns. An asset can also be divided into two categories, current and non-current.