JMFINANCIL | | | 136.49 0.41 0.30% |
JM Financial financial indicator trend analysis is infinitely more than just investigating JM Financial Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JM Financial Limited is a good investment. Please check the relationship between JM Financial Good Will and its Non Current Assets Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JM Financial 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.
Good Will vs Non Current Assets Total
Good Will vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JM Financial Limited Good Will account and
Non Current Assets Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between JM Financial's Good Will and Non Current Assets Total is -0.22. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of JM Financial Limited, assuming nothing else is changed. The correlation between historical values of JM Financial's Good Will and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of JM Financial Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Good Will i.e., JM Financial's Good Will and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from JM Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JM Financial Limited 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 JM Financial 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.
As of the 1st of December 2024,
Selling General Administrative is likely to grow to about 8.4
B, while
Tax Provision is likely to drop about 2.6
B.
JM Financial fundamental ratios Correlations
Click cells to compare fundamentals
JM Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JM Financial 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 JMFINANCIL Stock
Balance Sheet is a snapshot of the
financial position of JM Financial Limited at a specified time, usually calculated after every quarter, six months, or one year. JM Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JM Financial 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 JMFINANCIL currently owns. An asset can also be divided into two categories, current and non-current.