Trend, predictability and debt indicators

Predictability describes historical consistency

Deviations measure how revenue, earnings and margins vary around their historical trajectory. Lower deviations indicate greater consistency, not a forecast or a guarantee of future stability.

Trend describes direction and intensity

Angles summarize historical growth, stability or decline. The six trend and predictability grades use the latest 16 quarters and thresholds calibrated against the selected market's universe. Filtering the table does not recalibrate grades.

For trend, A indicates the strongest growth, B and C more moderate growth, D stability, and E through G increasingly strong declines. A grade describes one indicator, not an overall investment rating.

Debt requires context

DIV/PAT relates net debt to equity; DIV/L4T relates net debt to earnings over the latest four quarters. Negative or near-zero denominators and financial-sector accounting can make these ratios uninformative.

A rise in DIV/PAT may reflect more debt, less equity or both. Compare absolute amounts and periods. A negative ratio does not on its own indicate an improvement in debt.