BAJAJHCARE | | | 395.40 0.45 0.11% |
Bajaj Healthcare financial indicator trend analysis is way more than just evaluating Bajaj Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bajaj Healthcare is a good investment. Please check the relationship between Bajaj Healthcare Total Current Assets and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bajaj Healthcare 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 inflation.
Total Current Assets vs Other Stockholder Equity
Total Current Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bajaj Healthcare Total Current Assets account and
Other Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between Bajaj Healthcare's Total Current Assets and Other Stockholder Equity is -0.92. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Bajaj Healthcare Limited, assuming nothing else is changed. The correlation between historical values of Bajaj Healthcare's Total Current Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Bajaj Healthcare Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Assets i.e., Bajaj Healthcare's Total Current Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.92 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Other Stockholder Equity
Most indicators from Bajaj Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bajaj Healthcare 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 Bajaj Healthcare 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 inflation.
The current year's
Selling General Administrative is expected to grow to about 104
M, whereas
Tax Provision is projected to grow to (22.3
M).
Bajaj Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Bajaj Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bajaj Healthcare fundamental ratios Accounts
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Other Information on Investing in Bajaj Stock
Balance Sheet is a snapshot of the
financial position of Bajaj Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Bajaj Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bajaj Healthcare 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 Bajaj currently owns. An asset can also be divided into two categories, current and non-current.