000858 Stock | | | 144.00 3.05 2.07% |
Wuliangye Yibin financial indicator trend analysis is more than just analyzing Wuliangye Yibin current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wuliangye Yibin is a good investment. Please check the relationship between Wuliangye Yibin Long Term Investments and its Common Stock Shares Outstanding accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Wuliangye Yibin Co. 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.
Long Term Investments vs Common Stock Shares Outstanding
Long Term Investments vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wuliangye Yibin Long Term Investments account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Wuliangye Yibin's Long Term Investments and Common Stock Shares Outstanding is 0.83. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Wuliangye Yibin Co, assuming nothing else is changed. The correlation between historical values of Wuliangye Yibin's Long Term Investments and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Wuliangye Yibin Co are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Long Term Investments i.e., Wuliangye Yibin's Long Term Investments and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Wuliangye Yibin balance sheet that represents investments Wuliangye Yibin intends to hold for over a year. Wuliangye Yibin Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Wuliangye Yibin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wuliangye Yibin 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 Wuliangye Yibin Co. 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 11.7
B, whereas
Tax Provision is forecasted to decline to about 6.9
B.
Wuliangye Yibin fundamental ratios Correlations
Click cells to compare fundamentals
Wuliangye Yibin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wuliangye Yibin fundamental ratios Accounts
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Other Information on Investing in Wuliangye Stock
Balance Sheet is a snapshot of the
financial position of Wuliangye Yibin at a specified time, usually calculated after every quarter, six months, or one year. Wuliangye Yibin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wuliangye Yibin 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 Wuliangye currently owns. An asset can also be divided into two categories, current and non-current.