000516 Stock | | | 5.69 0.07 1.22% |
Xian International financial indicator trend analysis is more than just analyzing Xian International current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xian International is a good investment. Please check the relationship between Xian International Common Stock and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xian International Medical. 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.
Common Stock vs Total Assets
Common Stock vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xian International Common Stock account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xian International's Common Stock and Total Assets is 0.89. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Xian International Medical, assuming nothing else is changed. The correlation between historical values of Xian International's Common Stock and Total Assets 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 of Xian International Medical are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock i.e., Xian International's Common Stock and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock
Total Assets
Total assets refers to the total amount of Xian International assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Xian International books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Xian International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xian International 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 Xian International Medical. 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
Selling General Administrative is expected to grow to about 208.2
M, whereas
Tax Provision is forecasted to decline to about 4.5
M.
Xian International fundamental ratios Correlations
Click cells to compare fundamentals
Xian International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xian International 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 Xian Stock
Balance Sheet is a snapshot of the
financial position of Xian International at a specified time, usually calculated after every quarter, six months, or one year. Xian International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xian International 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 Xian currently owns. An asset can also be divided into two categories, current and non-current.