To study the market trend or predict the future based on past performance, a company’s financial accounts are balanced to examine its trend. Trend analysis is an attempt to base decisions for the future on the analysis’s findings in the best possible way.
The goal of trend analysis is to identify patterns in the data that may be used to make decisions. Data from several periods are gathered and plotted on a horizontal line. For stock technical and accounting analyses, trend analysis is utilized in finance.
In addition to being a simple tool for investment analysis, Virtual India’s trend analysis has several other advantages. Among the most significant ones are:
▪ It is simple to compare the performance of two or more companies over the same time period, allowing you to determine how strong or weak a company is about others in the same sector.
▪ Numerous numerical data types, such as conventional data (such as profit or expenses) and alternative data, can be employed with trend analysis (website traffic, customer complaints, POS transactions, and many more).
▪ According to the data, you can utilize these long-term trends to spot useful patterns. Forecasts can then be made using these patterns.
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