Jilin Chemical financial indicator trend analysis is infinitely more than just investigating Jilin Chemical Fibre recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jilin Chemical Fibre is a good investment. Please check the relationship between Jilin Chemical Cash and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Jilin Chemical Fibre. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jilin Chemical Fibre Cash account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jilin Chemical's Cash and Inventory is 0.6. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Jilin Chemical Fibre, assuming nothing else is changed. The correlation between historical values of Jilin Chemical's Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Jilin Chemical Fibre are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Jilin Chemical's Cash and Inventory go up and down completely randomly.
Cash refers to the most liquid asset of Jilin Chemical Fibre, which is listed under current asset account on Jilin Chemical Fibre balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jilin Chemical customers. The amounts must be unrestricted with restricted cash listed in a different Jilin Chemical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Inventory
Most indicators from Jilin Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jilin Chemical Fibre 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Jilin Chemical Fibre. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
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.
Balance Sheet is a snapshot of the financial position of Jilin Chemical Fibre at a specified time, usually calculated after every quarter, six months, or one year. Jilin Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jilin Chemical 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 Jilin currently owns. An asset can also be divided into two categories, current and non-current.