Shaily Engineering financial indicator trend analysis is much more than just breaking down Shaily Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shaily Engineering is a good investment. Please check the relationship between Shaily Engineering Net Borrowings and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shaily Engineering Plastics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Borrowings vs Net Income
Net Borrowings vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shaily Engineering Net Borrowings account and Net Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shaily Engineering's Net Borrowings and Net Income is -0.67. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of Shaily Engineering Plastics, assuming nothing else is changed. The correlation between historical values of Shaily Engineering's Net Borrowings and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Shaily Engineering Plastics are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., Shaily Engineering's Net Borrowings and Net Income go up and down completely randomly.
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shaily Engineering financial statement analysis. It represents the amount of money remaining after all of Shaily Engineering Plastics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Shaily Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shaily Engineering 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 Shaily Engineering Plastics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
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.
Balance Sheet is a snapshot of the financial position of Shaily Engineering at a specified time, usually calculated after every quarter, six months, or one year. Shaily Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shaily Engineering 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 Shaily currently owns. An asset can also be divided into two categories, current and non-current.