HCLTECH Stock | | | 1,848 7.15 0.39% |
HCL Technologies financial indicator trend analysis is much more than just examining HCL Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HCL Technologies is a good investment. Please check the relationship between HCL Technologies Selling General Administrative and its Selling And Marketing Expenses accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HCL Technologies 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 income.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HCL Technologies Selling General Administrative account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have very week relationship.
The correlation between HCL Technologies' Selling General Administrative and Selling And Marketing Expenses is 0.24. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Selling And Marketing Expenses in the same time period over historical financial statements of HCL Technologies Limited, assuming nothing else is changed. The correlation between historical values of HCL Technologies' Selling General Administrative and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of HCL Technologies Limited are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Selling General Administrative i.e., HCL Technologies' Selling General Administrative and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from HCL Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HCL Technologies 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HCL Technologies 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 income.
The HCL Technologies' current
Tax Provision is estimated to increase to about 55.2
B, while Selling General Administrative is projected to decrease to under 12.4
B.
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.
Balance Sheet is a snapshot of the
financial position of HCL Technologies at a specified time, usually calculated after every quarter, six months, or one year. HCL Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HCL Technologies 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 HCL currently owns. An asset can also be divided into two categories, current and non-current.