JSL Stock | | | 719.80 21.20 2.86% |
Jindal Stainless financial indicator trend analysis is infinitely more than just investigating Jindal Stainless recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jindal Stainless is a good investment. Please check the relationship between Jindal Stainless Begin Period Cash Flow and its Change In Cash accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Stainless 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.
Begin Period Cash Flow vs Change In Cash
Begin Period Cash Flow vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jindal Stainless Begin Period Cash Flow account and
Change In Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jindal Stainless' Begin Period Cash Flow and Change In Cash is 0.72. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Jindal Stainless Limited, assuming nothing else is changed. The correlation between historical values of Jindal Stainless' Begin Period Cash Flow and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Jindal Stainless Limited are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Begin Period Cash Flow i.e., Jindal Stainless' Begin Period Cash Flow and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Change In Cash
Most indicators from Jindal Stainless' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jindal Stainless 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 Jindal Stainless 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.
The current year's
Tax Provision is expected to grow to about 9.4
B, whereas
Selling General Administrative is forecasted to decline to about 1.1
B.
Jindal Stainless fundamental ratios Correlations
Click cells to compare fundamentals
Jindal Stainless Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jindal Stainless 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 Jindal Stock
Balance Sheet is a snapshot of the
financial position of Jindal Stainless at a specified time, usually calculated after every quarter, six months, or one year. Jindal Stainless Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jindal Stainless 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 Jindal currently owns. An asset can also be divided into two categories, current and non-current.