002461 Stock | | | 9.14 0.06 0.66% |
Guangzhou Zhujiang financial indicator trend analysis is much more than just examining Guangzhou Zhujiang latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Zhujiang is a good investment. Please check the relationship between Guangzhou Zhujiang Net Income From Continuing Ops and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Zhujiang Brewery. 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.
Net Income From Continuing Ops vs Other Operating Expenses
Net Income From Continuing Ops vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangzhou Zhujiang Net Income From Continuing Ops account and
Other Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangzhou Zhujiang's Net Income From Continuing Ops and Other Operating Expenses is 0.81. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Guangzhou Zhujiang Brewery, assuming nothing else is changed. The correlation between historical values of Guangzhou Zhujiang's Net Income From Continuing Ops and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Guangzhou Zhujiang Brewery are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income From Continuing Ops i.e., Guangzhou Zhujiang's Net Income From Continuing Ops and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income From Continuing Ops
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Guangzhou Zhujiang. It is also known as Guangzhou Zhujiang overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Guangzhou Zhujiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Zhujiang 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 Guangzhou Zhujiang Brewery. 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.
As of November 30, 2024,
Selling General Administrative is expected to decline to about 303.2
M. In addition to that,
Tax Provision is expected to decline to about 92.6
MGuangzhou Zhujiang fundamental ratios Correlations
Click cells to compare fundamentals
Guangzhou Zhujiang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangzhou Zhujiang 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 Guangzhou Stock
Balance Sheet is a snapshot of the
financial position of Guangzhou Zhujiang at a specified time, usually calculated after every quarter, six months, or one year. Guangzhou Zhujiang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangzhou Zhujiang 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 Guangzhou currently owns. An asset can also be divided into two categories, current and non-current.