Mindteck Net Income vs Selling And Marketing Expenses Analysis
| MINDTECK | | | 199.62 3.90 1.92% |
Mindteck financial indicator trend analysis is infinitely more than just investigating Mindteck Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindteck Limited is a good investment. Please check the relationship between Mindteck Net Income and its Selling And Marketing Expenses accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck 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 main economic indicators.
Net Income vs Selling And Marketing Expenses
Net Income vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mindteck Limited Net Income account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mindteck's Net Income and Selling And Marketing Expenses is -0.09. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of Mindteck Limited, assuming nothing else is changed. The correlation between historical values of Mindteck's Net Income and Selling And Marketing Expenses 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 Mindteck Limited are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Net Income i.e., Mindteck's Net Income and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Mindteck Limited financial statement analysis. It represents the amount of money remaining after all of Mindteck Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Selling And Marketing Expenses
Most indicators from Mindteck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindteck 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck 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 main economic indicators.
At present, Mindteck's
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
Mindteck fundamental ratios Correlations
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Mindteck Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mindteck fundamental ratios Accounts
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Other Information on Investing in Mindteck Stock
Balance Sheet is a snapshot of the
financial position of Mindteck Limited at a specified time, usually calculated after every quarter, six months, or one year. Mindteck Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mindteck 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 Mindteck currently owns. An asset can also be divided into two categories, current and non-current.