SHREEPUSHK | | | 300.60 0.80 0.27% |
Shree Pushkar financial indicator trend analysis is much more than just breaking down Shree Pushkar Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shree Pushkar Chemicals is a good investment. Please check the relationship between Shree Pushkar Depreciation And Amortization and its Net Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shree Pushkar Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Depreciation And Amortization vs Net Income
Depreciation And Amortization vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shree Pushkar Chemicals Depreciation And Amortization account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shree Pushkar's Depreciation And Amortization and Net Income is 0.66. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Income in the same time period over historical financial statements of Shree Pushkar Chemicals, assuming nothing else is changed. The correlation between historical values of Shree Pushkar's Depreciation And Amortization 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 Depreciation And Amortization of Shree Pushkar Chemicals 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 Depreciation And Amortization i.e., Shree Pushkar's Depreciation And Amortization and Net Income go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shree Pushkar Chemicals financial statement analysis. It represents the amount of money remaining after all of Shree Pushkar Chemicals operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Shree Pushkar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shree Pushkar Chemicals 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 Shree Pushkar Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Shree Pushkar's
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 135.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 46.9
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 13.7M | 22.1M | 15.6M | 24.2M | Depreciation And Amortization | 141.4M | 185.1M | 216.2M | 227.0M |
Shree Pushkar fundamental ratios Correlations
Click cells to compare fundamentals
Shree Pushkar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shree Pushkar fundamental ratios Accounts
Also Currently Popular
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.
Additional Tools for Shree Stock Analysis
When running Shree Pushkar's price analysis, check to
measure Shree Pushkar'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 Shree Pushkar is operating at the current time. Most of Shree Pushkar's value examination focuses on studying past and present price action to
predict the probability of Shree Pushkar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shree Pushkar's price. Additionally, you may evaluate how the addition of Shree Pushkar to your portfolios can decrease your overall portfolio volatility.