CENTUM Stock | | | 1,543 32.05 2.12% |
Centum Electronics financial indicator trend analysis is way more than just evaluating Centum Electronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centum Electronics is a good investment. Please check the relationship between Centum Electronics Common Stock Shares Outstanding and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Centum Electronics 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 employment.
Common Stock Shares Outstanding vs Intangible Assets
Common Stock Shares Outstanding vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Centum Electronics Common Stock Shares Outstanding account and
Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Centum Electronics' Common Stock Shares Outstanding and Intangible Assets is 0.45. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Centum Electronics Limited, assuming nothing else is changed. The correlation between historical values of Centum Electronics' Common Stock Shares Outstanding and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Centum Electronics Limited are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Common Stock Shares Outstanding i.e., Centum Electronics' Common Stock Shares Outstanding and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Centum Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centum Electronics 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 Centum Electronics 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 employment.
The current year's
Selling General Administrative is expected to grow to about 194.8
M, whereas
Tax Provision is forecasted to decline to about 62.8
M.
Centum Electronics fundamental ratios Correlations
Click cells to compare fundamentals
Centum Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Centum Electronics fundamental ratios Accounts
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Other Information on Investing in Centum Stock
Balance Sheet is a snapshot of the
financial position of Centum Electronics at a specified time, usually calculated after every quarter, six months, or one year. Centum Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Centum Electronics 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 Centum currently owns. An asset can also be divided into two categories, current and non-current.