TCS Stock | | | 4,353 37.60 0.87% |
Tata Consultancy financial indicator trend analysis is much more than just breaking down Tata Consultancy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tata Consultancy Services is a good investment. Please check the relationship between Tata Consultancy Non Currrent Assets Other and its Total Stockholder Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tata Consultancy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Non Currrent Assets Other vs Total Stockholder Equity
Non Currrent Assets Other vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tata Consultancy Services Non Currrent Assets Other account and
Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tata Consultancy's Non Currrent Assets Other and Total Stockholder Equity is 0.56. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Tata Consultancy Services, assuming nothing else is changed. The correlation between historical values of Tata Consultancy's Non Currrent Assets Other and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Tata Consultancy Services are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Currrent Assets Other i.e., Tata Consultancy's Non Currrent Assets Other and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Tata Consultancy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tata Consultancy Services 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 Tata Consultancy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 189.9
B, whereas
Tax Provision is forecasted to decline to about 120.5
B.
Tata Consultancy fundamental ratios Correlations
Click cells to compare fundamentals
Tata Consultancy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tata Consultancy 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.
Other Information on Investing in Tata Stock
Balance Sheet is a snapshot of the
financial position of Tata Consultancy Services at a specified time, usually calculated after every quarter, six months, or one year. Tata Consultancy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tata Consultancy 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 Tata currently owns. An asset can also be divided into two categories, current and non-current.