ZUARI Stock | | | 222.74 6.29 2.91% |
Zuari Agro financial indicator trend analysis is more than just analyzing Zuari Agro Chemicals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zuari Agro Chemicals is a good investment. Please check the relationship between Zuari Agro Tax Provision and its Selling General Administrative accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zuari Agro Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Tax Provision vs Selling General Administrative
Tax Provision vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zuari Agro Chemicals Tax Provision account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zuari Agro's Tax Provision and Selling General Administrative is -0.44. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Zuari Agro Chemicals, assuming nothing else is changed. The correlation between historical values of Zuari Agro's Tax Provision and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Zuari Agro Chemicals are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Tax Provision i.e., Zuari Agro's Tax Provision and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Selling General Administrative
Most indicators from Zuari Agro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zuari Agro Chemicals 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 Zuari Agro Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
As of the 26th of November 2024, Tax Provision is likely to grow to about 836
M, while Selling General Administrative is likely to drop about 149.5
M.
Zuari Agro fundamental ratios Correlations
Click cells to compare fundamentals
Zuari Agro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zuari Agro fundamental ratios Accounts
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Other Information on Investing in Zuari Stock
Balance Sheet is a snapshot of the
financial position of Zuari Agro Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Zuari Agro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zuari Agro 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 Zuari currently owns. An asset can also be divided into two categories, current and non-current.