| RAJRILTD | | | 22.30 0.43 1.97% |
Raj Rayon financial indicator trend analysis is much more than just breaking down Raj Rayon Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raj Rayon Industries is a good investment. Please check the relationship between Raj Rayon Current Deferred Revenue and its Cash And Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raj Rayon Industries. 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.
Current Deferred Revenue vs Cash And Short Term Investments
Current Deferred Revenue vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Raj Rayon Industries Current Deferred Revenue account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Raj Rayon's Current Deferred Revenue and Cash And Short Term Investments is -0.36. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Raj Rayon Industries, assuming nothing else is changed. The correlation between historical values of Raj Rayon's Current Deferred Revenue and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Raj Rayon Industries are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., Raj Rayon's Current Deferred Revenue and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Raj Rayon Industries balance sheet. This account contains Raj Rayon investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Raj Rayon Industries 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.
Most indicators from Raj Rayon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raj Rayon Industries 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 Raj Rayon Industries. 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.
Tax Provision is likely to gain to about 61.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 13.8
M in 2024.
Raj Rayon fundamental ratios Correlations
Click cells to compare fundamentals
Raj Rayon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Raj Rayon fundamental ratios Accounts
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Additional Tools for Raj Stock Analysis
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measure Raj Rayon'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 Raj Rayon is operating at the current time. Most of Raj Rayon's value examination focuses on studying past and present price action to
predict the probability of Raj Rayon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raj Rayon's price. Additionally, you may evaluate how the addition of Raj Rayon to your portfolios can decrease your overall portfolio volatility.