000786 Stock | | | 28.84 0.58 1.97% |
Beijing New financial indicator trend analysis is way more than just evaluating Beijing New Building prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing New Building is a good investment. Please check the relationship between Beijing New Short Term Investments and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing New Building. 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.
Short Term Investments vs Property Plant And Equipment Net
Short Term Investments vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing New Building Short Term Investments account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Beijing New's Short Term Investments and Property Plant And Equipment Net is 0.82. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Beijing New Building, assuming nothing else is changed. The correlation between historical values of Beijing New's Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Beijing New Building are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Short Term Investments i.e., Beijing New's Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Beijing New balance sheet. It contains any investments Beijing New Building undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Beijing New Building can easily liquidate in the marketplace.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Beijing New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing New Building 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 Beijing New Building. 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.
The current year's
Selling General Administrative is expected to grow to about 523
M, whereas
Tax Provision is forecasted to decline to about 198.3
M.
Beijing New fundamental ratios Correlations
Click cells to compare fundamentals
Beijing New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing New 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 Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing New Building at a specified time, usually calculated after every quarter, six months, or one year. Beijing New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing New 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.