MANORAMA | | | 1,184 6.85 0.58% |
Manorama Industries financial indicator trend analysis is infinitely more than just investigating Manorama Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manorama Industries is a good investment. Please check the relationship between Manorama Industries Net Income and its Interest Income accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manorama Industries 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.
Net Income vs Interest Income
Net Income vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Manorama Industries Net Income account and
Interest Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Manorama Industries' Net Income and Interest Income is 0.37. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Manorama Industries Limited, assuming nothing else is changed. The correlation between historical values of Manorama Industries' Net Income and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Manorama Industries Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Income i.e., Manorama Industries' Net Income and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Manorama Industries financial statement analysis. It represents the amount of money remaining after all of Manorama Industries Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Manorama Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manorama Industries 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 Manorama Industries 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.
As of the 3rd of December 2024,
Selling General Administrative is likely to grow to about 101.7
M, while
Tax Provision is likely to drop about 119.6
M.
Manorama Industries fundamental ratios Correlations
Click cells to compare fundamentals
Manorama Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Manorama Industries 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 Manorama Stock
Balance Sheet is a snapshot of the
financial position of Manorama Industries at a specified time, usually calculated after every quarter, six months, or one year. Manorama Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Manorama Industries 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 Manorama currently owns. An asset can also be divided into two categories, current and non-current.