WABAG Stock | | | 1,694 9.05 0.53% |
VA Tech financial indicator trend analysis is much more than just breaking down VA Tech Wabag prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VA Tech Wabag is a good investment. Please check the relationship between VA Tech Depreciation and its Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in VA Tech Wabag. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Depreciation vs Investments
Depreciation vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VA Tech Wabag Depreciation account and
Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between VA Tech's Depreciation and Investments is 0.3. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Investments in the same time period over historical financial statements of VA Tech Wabag, assuming nothing else is changed. The correlation between historical values of VA Tech's Depreciation and Investments 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 of VA Tech Wabag are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Depreciation i.e., VA Tech's Depreciation and Investments go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of VA Tech Wabag value has been used up. For tax purposes VA Tech can deduct the cost of the tangible assets it purchases as business expenses. However, VA Tech Wabag must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from VA Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VA Tech Wabag 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in VA Tech Wabag. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
As of the 24th of November 2024,
Selling General Administrative is likely to grow to about 299.8
M, while
Tax Provision is likely to drop about 411.9
M.
VA Tech fundamental ratios Correlations
Click cells to compare fundamentals
VA Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
VA Tech fundamental ratios Accounts
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Other Information on Investing in WABAG Stock
Balance Sheet is a snapshot of the
financial position of VA Tech Wabag at a specified time, usually calculated after every quarter, six months, or one year. VA Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of VA Tech 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 WABAG currently owns. An asset can also be divided into two categories, current and non-current.