SALSTEEL | | | 24.37 0.03 0.12% |
SAL Steel financial indicator trend analysis is much more than just breaking down SAL Steel Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SAL Steel Limited is a good investment. Please check the relationship between SAL Steel Common Stock Shares Outstanding and its Non Currrent Assets Other accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SAL 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 estimate.
Common Stock Shares Outstanding vs Non Currrent Assets Other
Common Stock Shares Outstanding vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SAL Steel Limited Common Stock Shares Outstanding account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between SAL Steel's Common Stock Shares Outstanding and Non Currrent Assets Other is 0.45. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of SAL Steel Limited, assuming nothing else is changed. The correlation between historical values of SAL Steel's Common Stock Shares Outstanding and Non Currrent Assets Other 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 SAL Steel Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Common Stock Shares Outstanding i.e., SAL Steel's Common Stock Shares Outstanding and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from SAL Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SAL 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
World Market Map to better understand how to build diversified portfolios, which includes a position in SAL 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 estimate.
As of November 28, 2024,
Selling General Administrative is expected to decline to about 37.2
M. In addition to that,
Tax Provision is expected to decline to about 1.6
MSAL Steel fundamental ratios Correlations
Click cells to compare fundamentals
SAL Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SAL Steel fundamental ratios Accounts
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Other Information on Investing in SAL Stock
Balance Sheet is a snapshot of the
financial position of SAL Steel Limited at a specified time, usually calculated after every quarter, six months, or one year. SAL Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SAL Steel 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 SAL currently owns. An asset can also be divided into two categories, current and non-current.