MUTHOOTFIN | | | 2,070 7.10 0.34% |
Muthoot Finance financial indicator trend analysis is infinitely more than just investigating Muthoot Finance recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Muthoot Finance is a good investment. Please check the relationship between Muthoot Finance Gross Profit and its Research Development accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Muthoot Finance 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 persons.
Gross Profit vs Research Development
Gross Profit vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Muthoot Finance Gross Profit account and
Research Development. At this time, the significance of the direction appears to have weak relationship.
The correlation between Muthoot Finance's Gross Profit and Research Development is 0.31. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Research Development in the same time period over historical financial statements of Muthoot Finance Limited, assuming nothing else is changed. The correlation between historical values of Muthoot Finance's Gross Profit and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Muthoot Finance Limited are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Gross Profit i.e., Muthoot Finance's Gross Profit and Research Development go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Muthoot Finance Limited minus its cost of goods sold. It is profit before Muthoot Finance operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Research Development
Most indicators from Muthoot Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Muthoot Finance 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 Muthoot Finance 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 persons.
Selling General Administrative is likely to gain to about 24.7
B in 2024, whereas
Tax Provision is likely to drop slightly above 12.3
B in 2024.
Muthoot Finance fundamental ratios Correlations
Click cells to compare fundamentals
Muthoot Finance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Muthoot Finance fundamental ratios Accounts
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Additional Tools for Muthoot Stock Analysis
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measure Muthoot Finance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Muthoot Finance is operating at the current time. Most of Muthoot Finance's value examination focuses on studying past and present price action to
predict the probability of Muthoot Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Muthoot Finance's price. Additionally, you may evaluate how the addition of Muthoot Finance to your portfolios can decrease your overall portfolio volatility.