OCCL Stock | | | 239.73 7.30 2.96% |
Oriental Carbon financial indicator trend analysis is much more than just breaking down Oriental Carbon Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oriental Carbon Chemicals is a good investment. Please check the relationship between Oriental Carbon Property Plant And Equipment Net and its Common Stock Shares Outstanding accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oriental Carbon Chemicals. 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.
Property Plant And Equipment Net vs Common Stock Shares Outstanding
Property Plant And Equipment Net vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oriental Carbon Chemicals Property Plant And Equipment Net account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Oriental Carbon's Property Plant And Equipment Net and Common Stock Shares Outstanding is 0.3. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Oriental Carbon Chemicals, assuming nothing else is changed. The correlation between historical values of Oriental Carbon's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Oriental Carbon Chemicals 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 Property Plant And Equipment Net i.e., Oriental Carbon's Property Plant And Equipment Net and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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 Oriental Carbon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oriental Carbon 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oriental Carbon Chemicals. 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.
Discontinued Operations is likely to gain to about 532.5
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 65.8
M in 2024.
Oriental Carbon fundamental ratios Correlations
Click cells to compare fundamentals
Oriental Carbon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oriental Carbon fundamental ratios Accounts
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