RVNL Stock | | | 433.25 15.20 3.39% |
Rail Vikas financial indicator trend analysis is much more than just breaking down Rail Vikas Nigam prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rail Vikas Nigam is a good investment. Please check the relationship between Rail Vikas Total Stockholder Equity and its Total Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rail Vikas Nigam. 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.
Total Stockholder Equity vs Total Current Assets
Total Stockholder Equity vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rail Vikas Nigam Total Stockholder Equity account and
Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Rail Vikas' Total Stockholder Equity and Total Current Assets is -0.13. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Rail Vikas Nigam, assuming nothing else is changed. The correlation between historical values of Rail Vikas' Total Stockholder Equity and Total Current 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 Total Stockholder Equity of Rail Vikas Nigam are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Stockholder Equity i.e., Rail Vikas' Total Stockholder Equity and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Rail Vikas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rail Vikas Nigam 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 Rail Vikas Nigam. 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.
Selling General Administrative is likely to gain to about 2.1
B in 2024.
Tax Provision is likely to gain to about 5
B in 2024
Rail Vikas fundamental ratios Correlations
Click cells to compare fundamentals
Rail Vikas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rail Vikas fundamental ratios Accounts
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Additional Tools for Rail Stock Analysis
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measure Rail Vikas' 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 Rail Vikas is operating at the current time. Most of Rail Vikas' value examination focuses on studying past and present price action to
predict the probability of Rail Vikas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rail Vikas' price. Additionally, you may evaluate how the addition of Rail Vikas to your portfolios can decrease your overall portfolio volatility.