002249 Stock | | | 5.51 0.11 2.04% |
Zhongshan Broad-Ocean financial indicator trend analysis is more than just analyzing Zhongshan Broad Ocean current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongshan Broad Ocean is a good investment. Please check the relationship between Zhongshan Broad-Ocean Ebitda and its Reconciled Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongshan Broad Ocean Motor. 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 Reconciled Depreciation
Ebitda vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhongshan Broad Ocean Ebitda account and
Reconciled Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zhongshan Broad-Ocean's Ebitda and Reconciled Depreciation is -0.13. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Zhongshan Broad Ocean Motor, assuming nothing else is changed. The correlation between historical values of Zhongshan Broad-Ocean's Ebitda and Reconciled Depreciation 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 Zhongshan Broad Ocean Motor are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Ebitda i.e., Zhongshan Broad-Ocean's Ebitda and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ebitda
Reconciled Depreciation
Most indicators from Zhongshan Broad-Ocean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongshan Broad Ocean 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 Zhongshan Broad Ocean Motor. 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 1.1
B, whereas
Tax Provision is forecasted to decline to about 100.1
M.
Zhongshan Broad-Ocean fundamental ratios Correlations
Click cells to compare fundamentals
Zhongshan Broad-Ocean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhongshan Broad-Ocean fundamental ratios Accounts
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Other Information on Investing in Zhongshan Stock
Balance Sheet is a snapshot of the
financial position of Zhongshan Broad Ocean at a specified time, usually calculated after every quarter, six months, or one year. Zhongshan Broad-Ocean Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhongshan Broad-Ocean 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 Zhongshan currently owns. An asset can also be divided into two categories, current and non-current.