| BIOFILCHEM | | | 49.34 1.63 3.20% |
Biofil Chemicals financial indicator trend analysis is way more than just evaluating Biofil Chemicals Pha prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biofil Chemicals Pha is a good investment. Please check the relationship between Biofil Chemicals Non Currrent Assets Other and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Biofil Chemicals Pharmaceuticals. 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.
Non Currrent Assets Other vs Retained Earnings
Non Currrent Assets Other vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Biofil Chemicals Pha Non Currrent Assets Other account and
Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Biofil Chemicals' Non Currrent Assets Other and Retained Earnings is -0.1. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Biofil Chemicals Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Biofil Chemicals' Non Currrent Assets Other and Retained Earnings 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 Currrent Assets Other of Biofil Chemicals Pharmaceuticals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., Biofil Chemicals' Non Currrent Assets Other and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Biofil Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biofil Chemicals Pha 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 Biofil Chemicals Pharmaceuticals. 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.
The current year's
Selling General Administrative is expected to grow to about 8.1
M. The current year's
Tax Provision is expected to grow to about 2.4
MBiofil Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Biofil Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Biofil Chemicals fundamental ratios Accounts
Also Currently Popular
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 Biofil Stock
Balance Sheet is a snapshot of the
financial position of Biofil Chemicals Pha at a specified time, usually calculated after every quarter, six months, or one year. Biofil Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Biofil Chemicals 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 Biofil currently owns. An asset can also be divided into two categories, current and non-current.