AXB Stock | | | 67.80 0.80 1.17% |
Axis Bank financial indicator trend analysis is way more than just evaluating Axis Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axis Bank is a good investment. Please check the relationship between Axis Bank Income Before Tax and its Income Tax Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axis Bank Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Income Before Tax vs Income Tax Expense
Income Before Tax vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Axis Bank Income Before Tax account and
Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Axis Bank's Income Before Tax and Income Tax Expense is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Axis Bank Ltd, assuming nothing else is changed. The correlation between historical values of Axis Bank's Income Before Tax and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Axis Bank Ltd are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Income Before Tax i.e., Axis Bank's Income Before Tax and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Axis Bank income statement and is an important metric when analyzing Axis Bank profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Income Tax Expense
Most indicators from Axis Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axis Bank 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axis Bank Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of December 11, 2024,
Selling General Administrative is expected to decline to about 1.2
B. In addition to that,
Tax Provision is expected to decline to about 46.9
BAxis Bank fundamental ratios Correlations
Click cells to compare fundamentals
Axis Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axis Bank fundamental ratios Accounts
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Other Information on Investing in Axis Stock
Balance Sheet is a snapshot of the
financial position of Axis Bank at a specified time, usually calculated after every quarter, six months, or one year. Axis Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Axis Bank 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 Axis currently owns. An asset can also be divided into two categories, current and non-current.