| NSLNISP Stock | | | 44.87 0.61 1.38% |
NMDC Steel financial indicator trend analysis is infinitely more than just investigating NMDC Steel Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NMDC Steel Limited is a good investment. Please check the relationship between NMDC Steel Cash and its Property Plant And Equipment Net accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NMDC Steel 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 gross domestic product.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NMDC Steel Limited Cash account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak relationship.
The correlation between NMDC Steel's Cash and Property Plant And Equipment Net is 0.38. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of NMDC Steel Limited, assuming nothing else is changed. The correlation between historical values of NMDC Steel's Cash and Property Plant And Equipment Net 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 NMDC Steel Limited are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., NMDC Steel's Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of NMDC Steel Limited, which is listed under current asset account on NMDC Steel Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from NMDC Steel customers. The amounts must be unrestricted with restricted cash listed in a different NMDC Steel 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.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from NMDC Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NMDC Steel 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 Steel 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 gross domestic product.
As of 11/27/2024,
Selling General Administrative is likely to grow to about 103.6
MNMDC Steel fundamental ratios Correlations
Click cells to compare fundamentals
NMDC Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NMDC Steel fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for NMDC Stock Analysis
When running NMDC Steel's price analysis, check to
measure NMDC Steel'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 Steel is operating at the current time. Most of NMDC Steel's value examination focuses on studying past and present price action to
predict the probability of NMDC Steel'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 Steel's price. Additionally, you may evaluate how the addition of NMDC Steel to your portfolios can decrease your overall portfolio volatility.