Eastern Silk financial indicator trend analysis is much more than just examining Eastern Silk Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Silk Industries is a good investment. Please check the relationship between Eastern Silk Dividends Paid and its Capital Expenditures accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Dividends Paid vs Capital Expenditures
Dividends Paid vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastern Silk Industries Dividends Paid account and
Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eastern Silk's Dividends Paid and Capital Expenditures is 0.95. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Eastern Silk Industries, assuming nothing else is changed. The correlation between historical values of Eastern Silk's Dividends Paid and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Eastern Silk Industries are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Dividends Paid i.e., Eastern Silk's Dividends Paid and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Capital Expenditures
Capital Expenditures are funds used by Eastern Silk Industries to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Eastern Silk operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Eastern Silk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Silk Industries 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Tax Provision is expected to rise to about 4.6
M this year, although the value of
Selling General Administrative will most likely fall to about 18.7
M.
Eastern Silk fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Silk Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern Silk fundamental ratios Accounts
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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 Eastern Stock
Balance Sheet is a snapshot of the
financial position of Eastern Silk Industries at a specified time, usually calculated after every quarter, six months, or one year. Eastern Silk Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastern Silk 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 Eastern currently owns. An asset can also be divided into two categories, current and non-current.