KOTAKBANK | | | 1,806 32.65 1.84% |
Kotak Mahindra financial indicator trend analysis is infinitely more than just investigating Kotak Mahindra Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kotak Mahindra Bank is a good investment. Please check the relationship between Kotak Mahindra Cash and its Common Stock Shares Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kotak Mahindra Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kotak Mahindra Bank Cash account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kotak Mahindra's Cash and Common Stock Shares Outstanding is 0.77. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Kotak Mahindra Bank, assuming nothing else is changed. The correlation between historical values of Kotak Mahindra's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Kotak Mahindra Bank are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Kotak Mahindra's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Kotak Mahindra Bank, which is listed under current asset account on Kotak Mahindra Bank balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Kotak Mahindra customers. The amounts must be unrestricted with restricted cash listed in a different Kotak Mahindra account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Kotak Mahindra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kotak Mahindra Bank 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kotak Mahindra Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
The current year's
Selling General Administrative is expected to grow to about 14.5
B, whereas
Tax Provision is forecasted to decline to about 38.2
B.
Kotak Mahindra fundamental ratios Correlations
Click cells to compare fundamentals
Kotak Mahindra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kotak Mahindra 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 Kotak Stock
Balance Sheet is a snapshot of the
financial position of Kotak Mahindra Bank at a specified time, usually calculated after every quarter, six months, or one year. Kotak Mahindra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kotak Mahindra 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 Kotak currently owns. An asset can also be divided into two categories, current and non-current.