NATCOPHARM | | | 1,376 38.05 2.84% |
Natco Pharma financial indicator trend analysis is infinitely more than just investigating Natco Pharma Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Natco Pharma Limited is a good investment. Please check the relationship between Natco Pharma Cash and its Common Stock Shares Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Natco Pharma 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 persons.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Natco Pharma Limited Cash account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Natco Pharma's Cash and Common Stock Shares Outstanding is 0.28. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Natco Pharma Limited, assuming nothing else is changed. The correlation between historical values of Natco Pharma's Cash 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 Cash of Natco Pharma 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 Cash i.e., Natco Pharma's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Natco Pharma Limited, which is listed under current asset account on Natco Pharma Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Natco Pharma customers. The amounts must be unrestricted with restricted cash listed in a different Natco Pharma account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Natco Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Natco Pharma 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 Natco Pharma 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 persons.
As of now, Natco Pharma's
Selling General Administrative is increasing as compared to previous years. The Natco Pharma's current
Discontinued Operations is estimated to increase to about 34.3
M, while
Tax Provision is projected to decrease to under 1.6
B.
Natco Pharma fundamental ratios Correlations
Click cells to compare fundamentals
Natco Pharma Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Natco Pharma 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 Natco Stock
Balance Sheet is a snapshot of the
financial position of Natco Pharma Limited at a specified time, usually calculated after every quarter, six months, or one year. Natco Pharma Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Natco Pharma 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 Natco currently owns. An asset can also be divided into two categories, current and non-current.