002228 Stock | | | 3.39 0.07 2.11% |
Xiamen Hexing financial indicator trend analysis is more than just analyzing Xiamen Hexing Packaging current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Hexing Packaging is a good investment. Please check the relationship between Xiamen Hexing Ebitda and its Research Development accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Hexing Packaging. 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.
Ebitda vs Research Development
Ebitda vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen Hexing Packaging Ebitda account and
Research Development. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Xiamen Hexing's Ebitda and Research Development is -0.54. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Research Development in the same time period over historical financial statements of Xiamen Hexing Packaging, assuming nothing else is changed. The correlation between historical values of Xiamen Hexing's Ebitda and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Xiamen Hexing Packaging are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Ebitda i.e., Xiamen Hexing's Ebitda and Research Development go up and down completely randomly.
Correlation Coefficient | -0.54 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ebitda
Research Development
Most indicators from Xiamen Hexing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Hexing Packaging 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 Xiamen Hexing Packaging. 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 269.5
M, whereas
Tax Provision is forecasted to decline to about 9.5
M.
Xiamen Hexing fundamental ratios Correlations
Click cells to compare fundamentals
Xiamen Hexing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiamen Hexing fundamental ratios Accounts
Also Currently Popular
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 Xiamen Stock
Balance Sheet is a snapshot of the
financial position of Xiamen Hexing Packaging at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Hexing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Hexing 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.