| SAKSOFT Stock | | | 215.92 0.24 0.11% |
Saksoft financial indicator trend analysis is much more than just breaking down Saksoft Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Saksoft Limited is a good investment. Please check the relationship between Saksoft Non Current Assets Total and its Property Plant Equipment accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Saksoft 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 persons.
Non Current Assets Total vs Property Plant Equipment
Non Current Assets Total vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Saksoft Limited Non Current Assets Total account and
Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Saksoft's Non Current Assets Total and Property Plant Equipment is 0.91. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Saksoft Limited, assuming nothing else is changed. The correlation between historical values of Saksoft's Non Current Assets Total and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Saksoft Limited are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Current Assets Total i.e., Saksoft's Non Current Assets Total and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Property Plant Equipment
Most indicators from Saksoft's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Saksoft Limited 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Saksoft 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 persons.
At this time, Saksoft's
Selling General Administrative is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 14.7
M in 2024, whereas
Tax Provision is likely to drop slightly above 174.7
M in 2024.
Saksoft fundamental ratios Correlations
Click cells to compare fundamentals
Saksoft Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Saksoft 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.
Additional Tools for Saksoft Stock Analysis
When running Saksoft's price analysis, check to
measure Saksoft's 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 Saksoft is operating at the current time. Most of Saksoft's value examination focuses on studying past and present price action to
predict the probability of Saksoft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saksoft's price. Additionally, you may evaluate how the addition of Saksoft to your portfolios can decrease your overall portfolio volatility.