002010 Stock | | | 5.31 0.07 1.34% |
Zhejiang Transfar financial indicator trend analysis is more than just analyzing Zhejiang Transfar current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Transfar is a good investment. Please check the relationship between Zhejiang Transfar Short Term Investments and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Transfar 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 board of governors.
Short Term Investments vs Other Stockholder Equity
Short Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Transfar Short Term Investments account and
Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zhejiang Transfar's Short Term Investments and Other Stockholder Equity is -0.23. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Zhejiang Transfar Co, assuming nothing else is changed. The correlation between historical values of Zhejiang Transfar's Short Term Investments and Other Stockholder Equity 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 Zhejiang Transfar Co are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Term Investments i.e., Zhejiang Transfar's Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Zhejiang Transfar balance sheet. It contains any investments Zhejiang Transfar Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Zhejiang Transfar can easily liquidate in the marketplace.
Other Stockholder Equity
Most indicators from Zhejiang Transfar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Transfar 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 Zhejiang Transfar 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 board of governors.
The current year's
Tax Provision is expected to grow to about 384.3
M, whereas
Selling General Administrative is forecasted to decline to about 639.7
M.
Zhejiang Transfar fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Transfar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Transfar fundamental ratios Accounts
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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 Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Transfar at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Transfar Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Transfar 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.