| HISARMETAL | | | 167.82 0.90 0.54% |
Hisar Metal financial indicator trend analysis is much more than just examining Hisar Metal Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hisar Metal Industries is a good investment. Please check the relationship between Hisar Metal Total Stockholder Equity and its Retained Earnings accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hisar Metal 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 metropolitan statistical area.
Total Stockholder Equity vs Retained Earnings
Total Stockholder Equity vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hisar Metal Industries Total Stockholder Equity account and
Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hisar Metal's Total Stockholder Equity and Retained Earnings is 0.98. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Hisar Metal Industries, assuming nothing else is changed. The correlation between historical values of Hisar Metal's Total Stockholder Equity 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 Total Stockholder Equity of Hisar Metal Industries 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 Total Stockholder Equity i.e., Hisar Metal's Total Stockholder Equity and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 Hisar Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hisar Metal 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hisar Metal 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 metropolitan statistical area.
The current year's
Tax Provision is expected to grow to about 26.6
M, whereas
Selling General Administrative is forecasted to decline to about 11.7
M.
Hisar Metal fundamental ratios Correlations
Click cells to compare fundamentals
Hisar Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hisar Metal 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 Hisar Stock
Balance Sheet is a snapshot of the
financial position of Hisar Metal Industries at a specified time, usually calculated after every quarter, six months, or one year. Hisar Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hisar Metal 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 Hisar currently owns. An asset can also be divided into two categories, current and non-current.