TIINDIA Stock | | | 3,429 33.90 1.00% |
Tube Investments financial indicator trend analysis is much more than just breaking down Tube Investments prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tube Investments is a good investment. Please check the relationship between Tube Investments Inventory and its Other Current Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tube Investments of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tube Investments Inventory account and
Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tube Investments' Inventory and Other Current Liab is 0.74. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Tube Investments of, assuming nothing else is changed. The correlation between historical values of Tube Investments' Inventory and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Tube Investments of are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Inventory i.e., Tube Investments' Inventory and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Tube Investments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tube Investments 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 Tube Investments of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At present, Tube Investments'
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 5.2
B, whereas
Discontinued Operations is forecasted to decline to (3.3
M).
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 Tube Investments at a specified time, usually calculated after every quarter, six months, or one year. Tube Investments Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tube Investments 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 Tube currently owns. An asset can also be divided into two categories, current and non-current.