| 000809 Stock | | | 2.70 0.02 0.75% |
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 Total Assets and its Good Will 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.
Total Assets vs Good Will
Total Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tieling Newcity Inve Total Assets account and
Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Tieling Newcity's Total Assets and Good Will is -0.44. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Good Will 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 Total Assets and Good Will 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 Assets of Tieling Newcity Investment are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Assets i.e., Tieling Newcity's Total Assets and Good Will go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Tieling Newcity 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 Tieling Newcity Inve 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.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
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 29, 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.