ZOMATO Stock | | | 284.90 6.90 2.36% |
Zomato financial indicator trend analysis is more than just analyzing Zomato Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zomato Limited is a good investment. Please check the relationship between Zomato Non Current Assets Total and its Short Term Investments accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zomato 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.
Non Current Assets Total vs Short Term Investments
Non Current Assets Total vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zomato Limited Non Current Assets Total account and
Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zomato's Non Current Assets Total and Short Term Investments is 0.65. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Zomato Limited, assuming nothing else is changed. The correlation between historical values of Zomato's Non Current Assets Total and Short Term 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 Non Current Assets Total of Zomato Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Non Current Assets Total i.e., Zomato's Non Current Assets Total and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Short Term Investments
Short Term Investments is an item under the current assets section of Zomato balance sheet. It contains any investments Zomato Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Zomato Limited can easily liquidate in the marketplace.
Most indicators from Zomato's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zomato Limited 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 Zomato 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.
As of December 13, 2024,
Selling General Administrative is expected to decline to about 1.7
B. The current year's
Tax Provision is expected to grow to about (570
M)
Zomato fundamental ratios Correlations
Click cells to compare fundamentals
Zomato Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zomato 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 Zomato Stock
Balance Sheet is a snapshot of the
financial position of Zomato Limited at a specified time, usually calculated after every quarter, six months, or one year. Zomato Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zomato 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 Zomato currently owns. An asset can also be divided into two categories, current and non-current.