PSB Stock | | | 50.31 0.97 1.97% |
Punjab Sind financial indicator trend analysis is much more than just breaking down Punjab Sind Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Punjab Sind Bank is a good investment. Please check the relationship between Punjab Sind Interest Income and its Tax Provision accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Punjab Sind Bank. 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.
Interest Income vs Tax Provision
Interest Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Punjab Sind Bank Interest Income account and
Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Punjab Sind's Interest Income and Tax Provision is 0.49. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Punjab Sind Bank, assuming nothing else is changed. The correlation between historical values of Punjab Sind's Interest Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Punjab Sind Bank are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Interest Income i.e., Punjab Sind's Interest Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Punjab Sind's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Punjab Sind Bank 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Punjab Sind Bank. 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.
The current year's Tax Provision is expected to grow to about 3.6
B, whereas
Selling General Administrative is forecasted to decline to about 282.7
M.
Punjab Sind fundamental ratios Correlations
Click cells to compare fundamentals
Punjab Sind Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Punjab Sind fundamental ratios Accounts
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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.
Other Information on Investing in Punjab Stock
Balance Sheet is a snapshot of the
financial position of Punjab Sind Bank at a specified time, usually calculated after every quarter, six months, or one year. Punjab Sind Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Punjab Sind and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Punjab currently owns. An asset can also be divided into two categories, current and non-current.