NMDC Stock | | | 226.72 0.08 0.04% |
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 Total Stockholder Equity and its Total Liab 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.
Total Stockholder Equity vs Total Liab
Total Stockholder Equity vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NMDC Limited Total Stockholder Equity account and
Total Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between NMDC's Total Stockholder Equity and Total Liab is 0.27. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Liab 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 Total Stockholder Equity and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of NMDC Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Stockholder Equity i.e., NMDC's Total Stockholder Equity and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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.
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.