002360 Stock | | | 5.46 0.17 3.21% |
Shanxi Tond financial indicator trend analysis is much more than just breaking down Shanxi Tond Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Tond Chemical is a good investment. Please check the relationship between Shanxi Tond Common Stock and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanxi Tond Chemical. 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.
Common Stock vs Other Stockholder Equity
Common Stock vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanxi Tond Chemical Common Stock account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shanxi Tond's Common Stock and Other Stockholder Equity is 0.25. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Shanxi Tond Chemical, assuming nothing else is changed. The correlation between historical values of Shanxi Tond's Common Stock 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 Common Stock of Shanxi Tond Chemical 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 Common Stock i.e., Shanxi Tond's Common Stock and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock
Other Stockholder Equity
Most indicators from Shanxi Tond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Tond Chemical 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 Shanxi Tond Chemical. 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 62.9
M. The current year's
Tax Provision is expected to grow to about 129.5
MShanxi Tond fundamental ratios Correlations
Click cells to compare fundamentals
Shanxi Tond Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanxi Tond fundamental ratios Accounts
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Other Information on Investing in Shanxi Stock
Balance Sheet is a snapshot of the
financial position of Shanxi Tond Chemical at a specified time, usually calculated after every quarter, six months, or one year. Shanxi Tond Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanxi Tond 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 Shanxi currently owns. An asset can also be divided into two categories, current and non-current.