NMDC Stock | | | 230.07 2.34 1.03% |
NMDC financial indicator trend analysis is infinitely more than just investigating NMDC Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NMDC Limited is a good investment. Please check the relationship between NMDC Selling General Administrative and its Total Revenue accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NMDC 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 board of governors.
Selling General Administrative vs Total Revenue
Selling General Administrative vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NMDC Limited Selling General Administrative account and
Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NMDC's Selling General Administrative and Total Revenue is 0.46. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Revenue in the same time period over historical financial statements of NMDC Limited, assuming nothing else is changed. The correlation between historical values of NMDC's Selling General Administrative and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of NMDC Limited are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Selling General Administrative i.e., NMDC's Selling General Administrative and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Selling General Administrative
Total Revenue
Total revenue comprises all receipts NMDC Limited generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from NMDC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NMDC 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 NMDC 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 board of governors.
At this time, NMDC's Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 26
B in 2024, whereas
Discontinued Operations is likely to drop (8.2
M) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Operating Income | 123.5B | 57.2B | 91.5B | 58.1B | Total Revenue | 258.8B | 176.7B | 213.1B | 223.7B |
NMDC fundamental ratios Correlations
Click cells to compare fundamentals
NMDC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NMDC fundamental ratios Accounts
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Additional Tools for NMDC Stock Analysis
When running NMDC's price analysis, check to
measure NMDC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NMDC is operating at the current time. Most of NMDC's value examination focuses on studying past and present price action to
predict the probability of NMDC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NMDC's price. Additionally, you may evaluate how the addition of NMDC to your portfolios can decrease your overall portfolio volatility.