| 000809 Stock | | | 2.73 0.08 3.02% |
Tieling Newcity financial indicator trend analysis is much more than just breaking down Tieling Newcity Inve prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tieling Newcity Inve is a good investment. Please check the relationship between Tieling Newcity Reconciled Depreciation and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tieling Newcity Investment. 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.
Reconciled Depreciation vs Minority Interest
Reconciled Depreciation vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tieling Newcity Inve Reconciled Depreciation account and
Minority Interest. At this time, the significance of the direction appears to have no relationship.
The correlation between Tieling Newcity's Reconciled Depreciation and Minority Interest is 0.03. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Tieling Newcity Investment, assuming nothing else is changed. The correlation between historical values of Tieling Newcity's Reconciled Depreciation and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Tieling Newcity Investment are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Reconciled Depreciation i.e., Tieling Newcity's Reconciled Depreciation and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Reconciled Depreciation
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Tieling Newcity Investment whose combined shares represent less than 50% of the total outstanding shares issued by Tieling Newcity have a minority interest in Tieling Newcity.
Most indicators from Tieling Newcity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tieling Newcity Inve 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 Tieling Newcity Investment. 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.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 12.3
M. The current year's
Tax Provision is expected to grow to about (661.4
K)
Tieling Newcity fundamental ratios Correlations
Click cells to compare fundamentals
Tieling Newcity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tieling Newcity fundamental ratios Accounts
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Other Information on Investing in Tieling Stock
Balance Sheet is a snapshot of the
financial position of Tieling Newcity Inve at a specified time, usually calculated after every quarter, six months, or one year. Tieling Newcity Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tieling Newcity 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 Tieling currently owns. An asset can also be divided into two categories, current and non-current.