| SPORTKING | | | 95.06 1.79 1.92% |
Sportking India financial indicator trend analysis is much more than just breaking down Sportking India prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sportking India is a good investment. Please check the relationship between Sportking India Other Operating Expenses and its Depreciation And Amortization accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sportking India 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.
Other Operating Expenses vs Depreciation And Amortization
Other Operating Expenses vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sportking India Other Operating Expenses account and
Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sportking India's Other Operating Expenses and Depreciation And Amortization is 0.55. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Sportking India Limited, assuming nothing else is changed. The correlation between historical values of Sportking India's Other Operating Expenses and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Sportking India Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Other Operating Expenses i.e., Sportking India's Other Operating Expenses and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sportking India. It is also known as Sportking India overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
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.
Most indicators from Sportking India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sportking India 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 Sportking India 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.
The Sportking India's current
Selling General Administrative is estimated to increase to about 1.8
B. The Sportking India's current
Tax Provision is estimated to increase to about 509.4
MSportking India fundamental ratios Correlations
Click cells to compare fundamentals
Sportking India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sportking India fundamental ratios Accounts
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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.
Other Information on Investing in Sportking Stock
Balance Sheet is a snapshot of the
financial position of Sportking India at a specified time, usually calculated after every quarter, six months, or one year. Sportking India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sportking India 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 Sportking currently owns. An asset can also be divided into two categories, current and non-current.