| AXITA Stock | | | 11.21 0.10 0.88% |
Axita Cotton financial indicator trend analysis is way more than just evaluating Axita Cotton Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axita Cotton Limited is a good investment. Please check the relationship between Axita Cotton Other Current Assets and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axita Cotton 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 nation.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Axita Cotton Limited Other Current Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Axita Cotton's Other Current Assets and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Axita Cotton Limited, assuming nothing else is changed. The correlation between historical values of Axita Cotton's Other Current Assets and Cash 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 Other Current Assets of Axita Cotton Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Axita Cotton's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Axita Cotton Limited balance sheet. This account contains Axita Cotton investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Axita Cotton Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Axita Cotton's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axita Cotton 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axita Cotton 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 nation.
As of the 25th of December 2024,
Selling General Administrative is likely to grow to about 23.6
M, while
Tax Provision is likely to drop about 53.4
M.
Axita Cotton fundamental ratios Correlations
Click cells to compare fundamentals
Axita Cotton Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axita Cotton fundamental ratios Accounts
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Other Information on Investing in Axita Stock
Balance Sheet is a snapshot of the
financial position of Axita Cotton Limited at a specified time, usually calculated after every quarter, six months, or one year. Axita Cotton Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Axita Cotton 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 Axita currently owns. An asset can also be divided into two categories, current and non-current.