002594 Stock | | | 281.01 1.99 0.70% |
BYD Co financial indicator trend analysis is way more than just evaluating BYD Co prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BYD Co is a good investment. Please check the relationship between BYD Co Ebit and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BYD Co Ltd. 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.
Ebit vs Minority Interest
Ebit vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BYD Co Ebit account and
Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between BYD Co's Ebit and Minority Interest is -0.66. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Minority Interest in the same time period over historical financial statements of BYD Co Ltd, assuming nothing else is changed. The correlation between historical values of BYD Co's Ebit and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of BYD Co Ltd are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebit i.e., BYD Co's Ebit and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Ebit
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of BYD Co Ltd whose combined shares represent less than 50% of the total outstanding shares issued by BYD Co have a minority interest in BYD Co.
Most indicators from BYD Co's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BYD Co 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 BYD Co Ltd. 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 1.5
B. The current year's
Tax Provision is expected to grow to about 6.2
BBYD Co fundamental ratios Correlations
Click cells to compare fundamentals
BYD Co Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BYD Co fundamental ratios Accounts
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Other Information on Investing in BYD Stock
Balance Sheet is a snapshot of the
financial position of BYD Co at a specified time, usually calculated after every quarter, six months, or one year. BYD Co Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BYD Co 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 BYD currently owns. An asset can also be divided into two categories, current and non-current.