MANGCHEFER | | | 165.84 11.12 7.19% |
Mangalore Chemicals financial indicator trend analysis is infinitely more than just investigating Mangalore Chemicals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mangalore Chemicals is a good investment. Please check the relationship between Mangalore Chemicals Other Liab and its Inventory accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mangalore Chemicals Fertilizers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Other Liab vs Inventory
Other Liab vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mangalore Chemicals Other Liab account and
Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mangalore Chemicals' Other Liab and Inventory is -0.4. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Inventory in the same time period over historical financial statements of Mangalore Chemicals Fertilizers, assuming nothing else is changed. The correlation between historical values of Mangalore Chemicals' Other Liab and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Mangalore Chemicals Fertilizers are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Liab i.e., Mangalore Chemicals' Other Liab and Inventory go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Liab
Inventory
Most indicators from Mangalore Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mangalore Chemicals 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 Mangalore Chemicals Fertilizers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
The current year's
Tax Provision is expected to grow to about 901.5
M, whereas
Selling General Administrative is forecasted to decline to about 57.6
M.
Mangalore Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Mangalore Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mangalore Chemicals 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 Mangalore Stock
Balance Sheet is a snapshot of the
financial position of Mangalore Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Mangalore Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mangalore Chemicals 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 Mangalore currently owns. An asset can also be divided into two categories, current and non-current.