PNB Stock | | | 101.44 0.72 0.70% |
Punjab National financial indicator trend analysis is much more than just breaking down Punjab National Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Punjab National Bank is a good investment. Please check the relationship between Punjab National Intangible Assets and its Other Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Punjab National Bank. 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.
Intangible Assets vs Other Assets
Intangible Assets vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Punjab National Bank Intangible Assets account and
Other Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Punjab National's Intangible Assets and Other Assets is 0.46. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Other Assets in the same time period over historical financial statements of Punjab National Bank, assuming nothing else is changed. The correlation between historical values of Punjab National's Intangible Assets and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Punjab National Bank are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Intangible Assets i.e., Punjab National's Intangible Assets and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Other Assets
Most indicators from Punjab National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Punjab National Bank 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 Punjab National Bank. 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.
The current year's
Tax Provision is expected to grow to about 52.5
B, whereas
Selling General Administrative is forecasted to decline to about 1.7
B.
Punjab National fundamental ratios Correlations
Click cells to compare fundamentals
Punjab National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Punjab National 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 Punjab Stock
Balance Sheet is a snapshot of the
financial position of Punjab National Bank at a specified time, usually calculated after every quarter, six months, or one year. Punjab National Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Punjab National 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 Punjab currently owns. An asset can also be divided into two categories, current and non-current.