| 002318 Stock | | | 23.40 0.60 2.50% |
Zhejiang JIULI financial indicator trend analysis is more than just analyzing Zhejiang JIULI Hi current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang JIULI Hi is a good investment. Please check the relationship between Zhejiang JIULI Total Assets and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang JIULI Hi 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 board of governors.
Total Assets vs Other Stockholder Equity
Total Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang JIULI Hi Total Assets account and
Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zhejiang JIULI's Total Assets and Other Stockholder Equity is -0.29. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Zhejiang JIULI Hi tech, assuming nothing else is changed. The correlation between historical values of Zhejiang JIULI's Total Assets 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 Total Assets of Zhejiang JIULI Hi tech 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 Total Assets i.e., Zhejiang JIULI's Total Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.29 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Zhejiang JIULI assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Zhejiang JIULI Hi books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Other Stockholder Equity
Most indicators from Zhejiang JIULI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang JIULI Hi 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 JIULI Hi 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 board of governors.
The current year's
Tax Provision is expected to grow to about 263.9
M, whereas
Selling General Administrative is forecasted to decline to about 303.3
M.
Zhejiang JIULI fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang JIULI Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang JIULI 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 JIULI Hi at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang JIULI Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang JIULI 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.