| 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 Short Term Investments and its Net Working Capital 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 And Short Term Investments vs Net Working Capital
Cash And Short Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NMDC Steel Limited Cash And Short Term Investments account and
Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between NMDC Steel's Cash And Short Term Investments and Net Working Capital is -0.59. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Working Capital 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 Short Term Investments and Net Working Capital 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 And Short Term Investments of NMDC Steel Limited are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash And Short Term Investments i.e., NMDC Steel's Cash And Short Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.59 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of NMDC Steel Limited balance sheet. This account contains NMDC Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NMDC Steel Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Working Capital
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
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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.