MAHABANK | | | 54.28 1.34 2.53% |
Bank of Maharashtra financial indicator trend analysis is way more than just evaluating Bank of Maharashtra prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Maharashtra is a good investment. Please check the relationship between Bank of Maharashtra Income Before Tax and its Reconciled Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Bank of Maharashtra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Income Before Tax vs Reconciled Depreciation
Income Before Tax vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Maharashtra Income Before Tax account and
Reconciled Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between Bank of Maharashtra's Income Before Tax and Reconciled Depreciation is 0.3. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Bank of Maharashtra, assuming nothing else is changed. The correlation between historical values of Bank of Maharashtra's Income Before Tax and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Bank of Maharashtra are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Income Before Tax i.e., Bank of Maharashtra's Income Before Tax and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Bank of Maharashtra income statement and is an important metric when analyzing Bank of Maharashtra profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Reconciled Depreciation
Most indicators from Bank of Maharashtra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Maharashtra 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Bank of Maharashtra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
As of the 26th of November 2024,
Selling General Administrative is likely to grow to about 883.9
M. Also,
Tax Provision is likely to grow to about 3.2
BBank of Maharashtra fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Maharashtra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Maharashtra 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 Bank Stock
Balance Sheet is a snapshot of the
financial position of Bank of Maharashtra at a specified time, usually calculated after every quarter, six months, or one year. Bank of Maharashtra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Maharashtra 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.