IGPL Stock | | | 563.50 8.70 1.57% |
IG Petrochemicals financial indicator trend analysis is infinitely more than just investigating IG Petrochemicals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IG Petrochemicals is a good investment. Please check the relationship between IG Petrochemicals Depreciation and its Other Non Cash Items accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IG Petrochemicals 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 board of governors.
Depreciation vs Other Non Cash Items
Depreciation vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
IG Petrochemicals Depreciation account and
Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between IG Petrochemicals' Depreciation and Other Non Cash Items is -0.43. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of IG Petrochemicals Limited, assuming nothing else is changed. The correlation between historical values of IG Petrochemicals' Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of IG Petrochemicals Limited are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., IG Petrochemicals' Depreciation and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of IG Petrochemicals value has been used up. For tax purposes IG Petrochemicals can deduct the cost of the tangible assets it purchases as business expenses. However, IG Petrochemicals Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Other Non Cash Items
Most indicators from IG Petrochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IG Petrochemicals 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 IG Petrochemicals 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 board of governors.
Selling General Administrative is likely to gain to about 186.4
M in 2024, whereas
Tax Provision is likely to drop slightly above 132
M in 2024.
IG Petrochemicals fundamental ratios Correlations
Click cells to compare fundamentals
IG Petrochemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IG Petrochemicals fundamental ratios Accounts
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Additional Tools for IGPL Stock Analysis
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measure IG Petrochemicals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IG Petrochemicals is operating at the current time. Most of IG Petrochemicals' value examination focuses on studying past and present price action to
predict the probability of IG Petrochemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IG Petrochemicals' price. Additionally, you may evaluate how the addition of IG Petrochemicals to your portfolios can decrease your overall portfolio volatility.