STEELXIND | | | 11.20 0.11 0.99% |
STEEL EXCHANGE financial indicator trend analysis is much more than just breaking down STEEL EXCHANGE INDIA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether STEEL EXCHANGE INDIA is a good investment. Please check the relationship between STEEL EXCHANGE Selling General Administrative and its Depreciation And Amortization accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in STEEL EXCHANGE INDIA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Selling General Administrative vs Depreciation And Amortization
Selling General Administrative vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
STEEL EXCHANGE INDIA Selling General Administrative account and
Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between STEEL EXCHANGE's Selling General Administrative and Depreciation And Amortization is -0.04. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of STEEL EXCHANGE INDIA, assuming nothing else is changed. The correlation between historical values of STEEL EXCHANGE's Selling General Administrative and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of STEEL EXCHANGE INDIA are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Selling General Administrative i.e., STEEL EXCHANGE's Selling General Administrative and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.04 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling General Administrative
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from STEEL EXCHANGE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into STEEL EXCHANGE INDIA 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 STEEL EXCHANGE INDIA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current Selling General Administrative is estimated to decrease to about 96
M. The current
Tax Provision is estimated to decrease to about (101
M)
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 875.2M | 1.1B | 778.7M | 677.7M | Depreciation And Amortization | 237.5M | 243.7M | 213.1M | 211.8M |
STEEL EXCHANGE fundamental ratios Correlations
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STEEL EXCHANGE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
STEEL EXCHANGE fundamental ratios Accounts
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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 STEEL Stock
Balance Sheet is a snapshot of the
financial position of STEEL EXCHANGE INDIA at a specified time, usually calculated after every quarter, six months, or one year. STEEL EXCHANGE Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of STEEL EXCHANGE 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 STEEL currently owns. An asset can also be divided into two categories, current and non-current.