000596 Stock | | | 187.00 7.51 3.86% |
Anhui Gujing financial indicator trend analysis is way more than just evaluating Anhui Gujing Distillery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Gujing Distillery is a good investment. Please check the relationship between Anhui Gujing Total Liab and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Gujing Distillery. 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.
Total Liab vs Other Current Assets
Total Liab vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Gujing Distillery Total Liab account and
Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Anhui Gujing's Total Liab and Other Current Assets is 0.38. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Anhui Gujing Distillery, assuming nothing else is changed. The correlation between historical values of Anhui Gujing's Total Liab and Other Current 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 Total Liab of Anhui Gujing Distillery are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Liab i.e., Anhui Gujing's Total Liab and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Anhui Gujing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Gujing Distillery 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 Anhui Gujing Distillery. 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.
As of November 23, 2024,
Selling General Administrative is expected to decline to about 3.8
B. In addition to that,
Tax Provision is expected to decline to about 868.7
MAnhui Gujing fundamental ratios Correlations
Click cells to compare fundamentals
Anhui Gujing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anhui Gujing fundamental ratios Accounts
Also Currently Popular
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 Anhui Stock
Balance Sheet is a snapshot of the
financial position of Anhui Gujing Distillery at a specified time, usually calculated after every quarter, six months, or one year. Anhui Gujing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Gujing 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.