NAHARINDUS | | | 139.96 2.83 2.06% |
Nahar Industrial financial indicator trend analysis is infinitely more than just investigating Nahar Industrial Ent recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nahar Industrial Ent is a good investment. Please check the relationship between Nahar Industrial Other Stockholder Equity and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nahar Industrial Enterprises. 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.
Other Stockholder Equity vs Total Current Assets
Other Stockholder Equity vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nahar Industrial Ent Other Stockholder Equity account and
Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nahar Industrial's Other Stockholder Equity and Total Current Assets is -0.26. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Nahar Industrial Enterprises, assuming nothing else is changed. The correlation between historical values of Nahar Industrial's Other Stockholder Equity and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Nahar Industrial Enterprises are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Stockholder Equity i.e., Nahar Industrial's Other Stockholder Equity and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Nahar Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nahar Industrial Ent 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 Nahar Industrial Enterprises. 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 30th of November 2024,
Selling General Administrative is likely to grow to about 263.2
M, while
Tax Provision is likely to drop about 19.4
M.
Nahar Industrial fundamental ratios Correlations
Click cells to compare fundamentals
Nahar Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nahar Industrial 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 Nahar Stock
Balance Sheet is a snapshot of the
financial position of Nahar Industrial Ent at a specified time, usually calculated after every quarter, six months, or one year. Nahar Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nahar Industrial 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 Nahar currently owns. An asset can also be divided into two categories, current and non-current.