SHYAMMETL | | | 836.20 8.50 1.01% |
Shyam Metalics financial indicator trend analysis is much more than just breaking down Shyam Metalics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shyam Metalics is a good investment. Please check the relationship between Shyam Metalics Net Income From Continuing Ops and its Cost Of Revenue accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shyam Metalics and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Net Income From Continuing Ops vs Cost Of Revenue
Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shyam Metalics Net Income From Continuing Ops account and
Cost Of Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shyam Metalics' Net Income From Continuing Ops and Cost Of Revenue is 0.75. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Shyam Metalics and, assuming nothing else is changed. The correlation between historical values of Shyam Metalics' Net Income From Continuing Ops and Cost Of Revenue 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 Income From Continuing Ops of Shyam Metalics and are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income From Continuing Ops i.e., Shyam Metalics' Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income From Continuing Ops
Cost Of Revenue
Cost of Revenue is found on Shyam Metalics income statement and represents the costs associated with goods and services Shyam Metalics provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Shyam Metalics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shyam Metalics 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 Shyam Metalics and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
The current year's
Issuance Of Capital Stock is expected to grow to about 14.5
B, whereas
Selling General Administrative is forecasted to decline to about 260.3
M.
Shyam Metalics fundamental ratios Correlations
Click cells to compare fundamentals
Shyam Metalics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shyam Metalics fundamental ratios Accounts
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Other Information on Investing in Shyam Stock
Balance Sheet is a snapshot of the
financial position of Shyam Metalics at a specified time, usually calculated after every quarter, six months, or one year. Shyam Metalics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shyam Metalics 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 Shyam currently owns. An asset can also be divided into two categories, current and non-current.