002074 Stock | | | 23.14 0.08 0.34% |
Gotion High financial indicator trend analysis is much more than just examining Gotion High tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gotion High tech is a good investment. Please check the relationship between Gotion High Short Term Investments and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Gotion High tech. 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 Long Term Investments
Short Term Investments vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gotion High tech Short Term Investments account and
Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gotion High's Short Term Investments and Long Term Investments is 0.45. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Gotion High tech, assuming nothing else is changed. The correlation between historical values of Gotion High's Short Term Investments and Long Term Investments 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 Gotion High tech are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Short Term Investments i.e., Gotion High's Short Term Investments and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Gotion High balance sheet. It contains any investments Gotion High tech undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Gotion High tech can easily liquidate in the marketplace.
Long Term Investments
Long Term Investments is an item on the asset side of Gotion High balance sheet that represents investments Gotion High tech intends to hold for over a year. Gotion High tech long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Gotion High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gotion High tech 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 Gotion High tech. 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 1.4
B, whereas
Tax Provision is projected to grow to (19.9
M).
Gotion High fundamental ratios Correlations
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Gotion High Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gotion High fundamental ratios Accounts
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Other Information on Investing in Gotion Stock
Balance Sheet is a snapshot of the
financial position of Gotion High tech at a specified time, usually calculated after every quarter, six months, or one year. Gotion High Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gotion High 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 Gotion currently owns. An asset can also be divided into two categories, current and non-current.