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 Dividends Paid and its Change In Working Capital 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.
Dividends Paid vs Change In Working Capital
Dividends Paid vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Praj Industries Dividends Paid account and
Change In Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Praj Industries' Dividends Paid and Change In Working Capital is -0.66. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Change In Working Capital 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' Dividends Paid and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Praj Industries Limited are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Dividends Paid i.e., Praj Industries' Dividends Paid and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
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
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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.