PERSISTENT | | | 5,906 73.65 1.26% |
Persistent Systems financial indicator trend analysis is much more than just breaking down Persistent Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Persistent Systems is a good investment. Please check the relationship between Persistent Systems Other Stockholder Equity and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Persistent Systems 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 gross domestic product.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Persistent Systems Other Stockholder Equity account and
Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Persistent Systems' Other Stockholder Equity and Cash is -0.06. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Persistent Systems Limited, assuming nothing else is changed. The correlation between historical values of Persistent Systems' Other Stockholder Equity and Cash 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 Stockholder Equity of Persistent Systems Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Persistent Systems' Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Persistent Systems, which is listed under current asset account on Persistent Systems Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Persistent Systems customers. The amounts must be unrestricted with restricted cash listed in a different Persistent Systems 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.
Most indicators from Persistent Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Persistent Systems 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 Persistent Systems 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 gross domestic product.
Selling General Administrative is likely to gain to about 13.4
B in 2024, whereas
Tax Provision is likely to drop slightly above 2
B in 2024.
Persistent Systems fundamental ratios Correlations
Click cells to compare fundamentals
Persistent Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Persistent Systems 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.
Additional Tools for Persistent Stock Analysis
When running Persistent Systems' price analysis, check to
measure Persistent Systems' 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 Persistent Systems is operating at the current time. Most of Persistent Systems' value examination focuses on studying past and present price action to
predict the probability of Persistent Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Persistent Systems' price. Additionally, you may evaluate how the addition of Persistent Systems to your portfolios can decrease your overall portfolio volatility.