TECHM Stock | | | 1,764 14.30 0.80% |
Tech Mahindra financial indicator trend analysis is much more than just breaking down Tech Mahindra Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tech Mahindra Limited is a good investment. Please check the relationship between Tech Mahindra Common Stock Shares Outstanding and its Short Term Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tech Mahindra 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 population.
Common Stock Shares Outstanding vs Short Term Debt
Common Stock Shares Outstanding vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tech Mahindra Limited Common Stock Shares Outstanding account and
Short Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tech Mahindra's Common Stock Shares Outstanding and Short Term Debt is 0.33. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Tech Mahindra Limited, assuming nothing else is changed. The correlation between historical values of Tech Mahindra's Common Stock Shares Outstanding and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Tech Mahindra Limited are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock Shares Outstanding i.e., Tech Mahindra's Common Stock Shares Outstanding and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Short Term Debt
Most indicators from Tech Mahindra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tech Mahindra 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 Tech Mahindra 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 population.
At this time, Tech Mahindra's
Tax Provision is very stable compared to the past year. As of the 11th of December 2024,
Issuance Of Capital Stock is likely to grow to about 392.5
M, while
Selling General Administrative is likely to drop about 10.8
B.
Tech Mahindra fundamental ratios Correlations
Click cells to compare fundamentals
Tech Mahindra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tech Mahindra 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 Tech Stock
Balance Sheet is a snapshot of the
financial position of Tech Mahindra Limited at a specified time, usually calculated after every quarter, six months, or one year. Tech Mahindra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tech Mahindra 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 Tech currently owns. An asset can also be divided into two categories, current and non-current.