| 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 Common Stock Shares Outstanding and its Net Debt 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.
Common Stock Shares Outstanding vs Net Debt
Common Stock Shares Outstanding vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NMDC Steel Limited Common Stock Shares Outstanding account and
Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between NMDC Steel's Common Stock Shares Outstanding and Net Debt is -0.88. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Debt 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 Common Stock Shares Outstanding and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of NMDC Steel Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock Shares Outstanding i.e., NMDC Steel's Common Stock Shares Outstanding and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.88 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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.