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 Non Currrent Assets Other 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 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.
Non Currrent Assets Other vs Common Stock Shares Outstanding
Non Currrent Assets Other vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JSW Steel Limited Non Currrent Assets Other account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between JSW Steel's Non Currrent Assets Other and Common Stock Shares Outstanding is 0.3. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Common Stock Shares Outstanding 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 Non Currrent Assets Other 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 Non Currrent Assets Other of JSW Steel 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 Non Currrent Assets Other i.e., JSW Steel's Non Currrent Assets Other and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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 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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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 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.