| MINDTECK | | | 260.20 6.05 2.27% |
Mindteck financial indicator trend analysis is infinitely more than just investigating Mindteck Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindteck Limited is a good investment. Please check the relationship between Mindteck Net Borrowings and its Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck 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 estimate.
Net Borrowings vs Depreciation
Net Borrowings vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mindteck Limited Net Borrowings account and
Depreciation. At this time, the significance of the direction appears to have no relationship.
The correlation between Mindteck's Net Borrowings and Depreciation is 0.05. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation in the same time period over historical financial statements of Mindteck Limited, assuming nothing else is changed. The correlation between historical values of Mindteck's Net Borrowings and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Mindteck Limited are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., Mindteck's Net Borrowings and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.05 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Depreciation
Depreciation indicates how much of Mindteck Limited value has been used up. For tax purposes Mindteck can deduct the cost of the tangible assets it purchases as business expenses. However, Mindteck Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Mindteck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindteck 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck 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 estimate.
The current year's
Selling General Administrative is expected to grow to about 95.8
M. The current year's
Tax Provision is expected to grow to about 75.1
MMindteck fundamental ratios Correlations
Click cells to compare fundamentals
Mindteck Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mindteck 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 Mindteck Stock
Balance Sheet is a snapshot of the
financial position of Mindteck Limited at a specified time, usually calculated after every quarter, six months, or one year. Mindteck Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mindteck 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 Mindteck currently owns. An asset can also be divided into two categories, current and non-current.