CHEMBOND | | | 587.65 13.40 2.23% |
Chembond Chemicals financial indicator trend analysis is way more than just evaluating Chembond Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chembond Chemicals is a good investment. Please check the relationship between Chembond Chemicals Retained Earnings and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chembond Chemicals. 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 labor statistics.
Retained Earnings vs Non Currrent Assets Other
Retained Earnings vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chembond Chemicals Retained Earnings account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Chembond Chemicals' Retained Earnings and Non Currrent Assets Other is 0.17. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Chembond Chemicals, assuming nothing else is changed. The correlation between historical values of Chembond Chemicals' Retained Earnings and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Chembond Chemicals are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Retained Earnings i.e., Chembond Chemicals' Retained Earnings and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.
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.
Most indicators from Chembond Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chembond Chemicals 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 Chembond Chemicals. 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 labor statistics.
As of the 30th of December 2024,
Selling General Administrative is likely to grow to about 824.9
M, while
Tax Provision is likely to drop about 87.6
M.
Chembond Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Chembond Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chembond Chemicals fundamental ratios Accounts
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Other Information on Investing in Chembond Stock
Balance Sheet is a snapshot of the
financial position of Chembond Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Chembond Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chembond 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 Chembond currently owns. An asset can also be divided into two categories, current and non-current.