IOC Stock | | | 138.63 0.39 0.28% |
Indian Oil financial indicator trend analysis is infinitely more than just investigating Indian Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Oil is a good investment. Please check the relationship between Indian Oil Inventory and its Property Plant Equipment accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Oil. 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.
Inventory vs Property Plant Equipment
Inventory vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indian Oil Inventory account and
Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Indian Oil's Inventory and Property Plant Equipment is 0.73. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Indian Oil, assuming nothing else is changed. The correlation between historical values of Indian Oil's Inventory and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Indian Oil are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Inventory i.e., Indian Oil's Inventory and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Property Plant Equipment
Most indicators from Indian Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Oil 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 Indian Oil. 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.
As of December 1, 2024,
Selling General Administrative is expected to decline to about 6.9
B. In addition to that,
Tax Provision is expected to decline to about 77.5
BIndian Oil fundamental ratios Correlations
Click cells to compare fundamentals
Indian Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indian Oil 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 Indian Stock
Balance Sheet is a snapshot of the
financial position of Indian Oil at a specified time, usually calculated after every quarter, six months, or one year. Indian Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indian Oil 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 Indian currently owns. An asset can also be divided into two categories, current and non-current.