002295 Stock | | | 6.98 0.11 1.55% |
Guangdong Jingyi financial indicator trend analysis is much more than just examining Guangdong Jingyi Metal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Jingyi Metal is a good investment. Please check the relationship between Guangdong Jingyi Total Liab and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Jingyi Metal. 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.
Total Liab vs Total Stockholder Equity
Total Liab vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Jingyi Metal Total Liab account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangdong Jingyi's Total Liab and Total Stockholder Equity is 0.68. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Guangdong Jingyi Metal, assuming nothing else is changed. The correlation between historical values of Guangdong Jingyi's Total Liab and Total 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 Total Liab of Guangdong Jingyi Metal are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Liab i.e., Guangdong Jingyi's Total Liab and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Guangdong Jingyi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Jingyi Metal 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 Guangdong Jingyi Metal. 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
Tax Provision is expected to grow to about 9.2
M, whereas
Selling General Administrative is forecasted to decline to about 11.9
M.
Guangdong Jingyi fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Jingyi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Jingyi fundamental ratios Accounts
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Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Jingyi Metal at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Jingyi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Jingyi 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.