002476 Stock | | | 4.64 0.02 0.43% |
Shandong Polymer financial indicator trend analysis is much more than just breaking down Shandong Polymer Bio prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Polymer Bio is a good investment. Please check the relationship between Shandong Polymer Short Long Term Debt Total and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Polymer Biochemicals. 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.
Short Long Term Debt Total vs Other Stockholder Equity
Short Long Term Debt Total vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Polymer Bio Short Long Term Debt Total account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shandong Polymer's Short Long Term Debt Total and Other Stockholder Equity is -0.02. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Shandong Polymer Biochemicals, assuming nothing else is changed. The correlation between historical values of Shandong Polymer's Short Long Term Debt Total 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 Short Long Term Debt Total of Shandong Polymer Biochemicals 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 Short Long Term Debt Total i.e., Shandong Polymer's Short Long Term Debt Total and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Long Term Debt Total
Other Stockholder Equity
Most indicators from Shandong Polymer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Polymer Bio 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 Shandong Polymer Biochemicals. 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 5.7
M, whereas
Selling General Administrative is forecasted to decline to about 13.7
M.
Shandong Polymer fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Polymer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Polymer fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Polymer Bio at a specified time, usually calculated after every quarter, six months, or one year. Shandong Polymer Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Polymer 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.