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 Intangible Assets and its Cash And Short Term Investments 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.
Intangible Assets vs Cash And Short Term Investments
Intangible Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xian International Intangible Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xian International's Intangible Assets and Cash And Short Term Investments is 0.35. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash And Short Term Investments 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 Intangible Assets and Cash 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 Intangible Assets of Xian International Medical are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Intangible Assets i.e., Xian International's Intangible Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Xian International balance sheet. This account contains Xian International investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Xian International Medical fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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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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.