000504 Stock | | | 10.27 0.02 0.20% |
Nanhua Bio financial indicator trend analysis is infinitely more than just investigating Nanhua Bio Medicine recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanhua Bio Medicine is a good investment. Please check the relationship between Nanhua Bio Deferred Long Term Liab and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanhua Bio Medicine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Deferred Long Term Liab vs Short Term Investments
Deferred Long Term Liab vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nanhua Bio Medicine Deferred Long Term Liab account and
Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nanhua Bio's Deferred Long Term Liab and Short Term Investments is -0.26. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Nanhua Bio Medicine, assuming nothing else is changed. The correlation between historical values of Nanhua Bio's Deferred Long Term Liab and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Nanhua Bio Medicine are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Deferred Long Term Liab i.e., Nanhua Bio's Deferred Long Term Liab and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.26 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Short Term Investments
Short Term Investments is an item under the current assets section of Nanhua Bio balance sheet. It contains any investments Nanhua Bio Medicine undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Nanhua Bio Medicine can easily liquidate in the marketplace.
Most indicators from Nanhua Bio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanhua Bio Medicine 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 Nanhua Bio Medicine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 3.2
M, whereas
Selling General Administrative is forecasted to decline to about 43
M.
Nanhua Bio fundamental ratios Correlations
Click cells to compare fundamentals
Nanhua Bio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nanhua Bio fundamental ratios Accounts
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Other Information on Investing in Nanhua Stock
Balance Sheet is a snapshot of the
financial position of Nanhua Bio Medicine at a specified time, usually calculated after every quarter, six months, or one year. Nanhua Bio Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanhua Bio 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 Nanhua currently owns. An asset can also be divided into two categories, current and non-current.