002480 Stock | | | 5.27 0.29 5.22% |
Chengdu Xinzhu financial indicator trend analysis is way more than just evaluating Chengdu Xinzhu RoadBridge prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu Xinzhu RoadBridge is a good investment. Please check the relationship between Chengdu Xinzhu Selling General Administrative and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu Xinzhu RoadBridge. 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.
Selling General Administrative vs Non Current Liabilities Total
Selling General Administrative vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chengdu Xinzhu RoadBridge Selling General Administrative account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Chengdu Xinzhu's Selling General Administrative and Non Current Liabilities Total is -0.64. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Chengdu Xinzhu RoadBridge, assuming nothing else is changed. The correlation between historical values of Chengdu Xinzhu's Selling General Administrative and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Chengdu Xinzhu RoadBridge are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Selling General Administrative i.e., Chengdu Xinzhu's Selling General Administrative and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Selling General Administrative
Non Current Liabilities Total
Most indicators from Chengdu Xinzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu Xinzhu RoadBridge 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 Chengdu Xinzhu RoadBridge. 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 58.8
M, whereas Selling General Administrative is forecasted to decline to about 55.3
M.
Chengdu Xinzhu fundamental ratios Correlations
Click cells to compare fundamentals
Chengdu Xinzhu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chengdu Xinzhu fundamental ratios Accounts
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Other Information on Investing in Chengdu Stock
Balance Sheet is a snapshot of the
financial position of Chengdu Xinzhu RoadBridge at a specified time, usually calculated after every quarter, six months, or one year. Chengdu Xinzhu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chengdu Xinzhu 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 Chengdu currently owns. An asset can also be divided into two categories, current and non-current.