PRAJIND Stock | | | 810.15 9.85 1.20% |
Praj Industries financial indicator trend analysis is much more than just breaking down Praj Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Praj Industries is a good investment. Please check the relationship between Praj Industries Capital Expenditures and its Sale Purchase Of Stock accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praj Industries 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.
Capital Expenditures vs Sale Purchase Of Stock
Capital Expenditures vs Sale Purchase Of Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Praj Industries Capital Expenditures account and
Sale Purchase Of Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Praj Industries' Capital Expenditures and Sale Purchase Of Stock is -0.16. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Praj Industries Limited, assuming nothing else is changed. The correlation between historical values of Praj Industries' Capital Expenditures and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Praj Industries Limited are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Capital Expenditures i.e., Praj Industries' Capital Expenditures and Sale Purchase Of Stock go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Expenditures
Capital Expenditures are funds used by Praj Industries to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Praj Industries operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Sale Purchase Of Stock
Most indicators from Praj Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Praj Industries 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 Praj Industries 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.
At present, Praj Industries'
Tax Provision is projected to increase significantly based on the last few years of reporting.
Praj Industries fundamental ratios Correlations
Click cells to compare fundamentals
Praj Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Praj Industries fundamental ratios Accounts
Also Currently Popular
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 Praj Stock
Balance Sheet is a snapshot of the
financial position of Praj Industries at a specified time, usually calculated after every quarter, six months, or one year. Praj Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Praj Industries 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 Praj currently owns. An asset can also be divided into two categories, current and non-current.