Prakash Steelage financial indicator trend analysis is much more than just breaking down Prakash Steelage prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prakash Steelage is a good investment. Please check the relationship between Prakash Steelage Net Income and its Interest Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prakash Steelage 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 nation.
Net Income vs Interest Income
Net Income vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prakash Steelage Net Income account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Prakash Steelage's Net Income and Interest Income is -0.27. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Prakash Steelage Limited, assuming nothing else is changed. The correlation between historical values of Prakash Steelage's Net Income and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Prakash Steelage Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Income i.e., Prakash Steelage's Net Income and Interest Income go up and down completely randomly.
Net income is one of the most important fundamental items in finance. It plays a large role in Prakash Steelage financial statement analysis. It represents the amount of money remaining after all of Prakash Steelage Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Prakash Steelage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prakash Steelage 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 Prakash Steelage 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 nation.
The Prakash Steelage's current Selling General Administrative is estimated to increase to about 65 M. The Prakash Steelage's current Tax Provision is estimated to increase to about 4.4 M
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.
Balance Sheet is a snapshot of the financial position of Prakash Steelage at a specified time, usually calculated after every quarter, six months, or one year. Prakash Steelage Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prakash Steelage 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 Prakash currently owns. An asset can also be divided into two categories, current and non-current.