002532 Stock | | | 8.01 0.55 6.43% |
Tianshan Aluminum financial indicator trend analysis is much more than just breaking down Tianshan Aluminum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianshan Aluminum is a good investment. Please check the relationship between Tianshan Aluminum Other Stockholder Equity and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianshan Aluminum Group. 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.
Other Stockholder Equity vs Total Stockholder Equity
Other Stockholder Equity vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tianshan Aluminum Other Stockholder Equity account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Tianshan Aluminum's Other Stockholder Equity and Total Stockholder Equity is -0.69. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Tianshan Aluminum Group, assuming nothing else is changed. The correlation between historical values of Tianshan Aluminum's Other Stockholder Equity and Total 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 Other Stockholder Equity of Tianshan Aluminum Group are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Stockholder Equity i.e., Tianshan Aluminum's Other Stockholder Equity and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Tianshan Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianshan Aluminum 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 Tianshan Aluminum Group. 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
Discontinued Operations is expected to grow to about 940.8
K, whereas
Selling General Administrative is forecasted to decline to about 138.9
M.
Tianshan Aluminum fundamental ratios Correlations
Click cells to compare fundamentals
Tianshan Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tianshan Aluminum 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 Tianshan Stock
Balance Sheet is a snapshot of the
financial position of Tianshan Aluminum at a specified time, usually calculated after every quarter, six months, or one year. Tianshan Aluminum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tianshan Aluminum 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 Tianshan currently owns. An asset can also be divided into two categories, current and non-current.