| 002702 Stock | | | 4.61 0.10 2.22% |
HaiXin Foods financial indicator trend analysis is much more than just examining HaiXin Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HaiXin Foods is a good investment. Please check the relationship between HaiXin Foods Cash and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in HaiXin Foods Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash vs Other Assets
Cash vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HaiXin Foods Cash account and
Other Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between HaiXin Foods' Cash and Other Assets is 0.03. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Assets in the same time period over historical financial statements of HaiXin Foods Co, assuming nothing else is changed. The correlation between historical values of HaiXin Foods' Cash and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of HaiXin Foods Co are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Cash i.e., HaiXin Foods' Cash and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of HaiXin Foods, which is listed under current asset account on HaiXin Foods Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from HaiXin Foods customers. The amounts must be unrestricted with restricted cash listed in a different HaiXin Foods account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Other Assets
Most indicators from HaiXin Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HaiXin Foods 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 HaiXin Foods Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 221.7
M, whereas
Tax Provision is forecasted to decline to about 11.9
M.
HaiXin Foods fundamental ratios Correlations
Click cells to compare fundamentals
HaiXin Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HaiXin Foods fundamental ratios Accounts
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Other Information on Investing in HaiXin Stock
Balance Sheet is a snapshot of the
financial position of HaiXin Foods at a specified time, usually calculated after every quarter, six months, or one year. HaiXin Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HaiXin Foods 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 HaiXin currently owns. An asset can also be divided into two categories, current and non-current.