002786 Stock | | | 11.68 0.08 0.68% |
Shenzhen Silver financial indicator trend analysis is much more than just breaking down Shenzhen Silver Basis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Silver Basis is a good investment. Please check the relationship between Shenzhen Silver Good Will and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Silver Basis. 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.
Good Will vs Net Tangible Assets
Good Will vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Silver Basis Good Will account and
Net Tangible Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen Silver's Good Will and Net Tangible Assets is 0.34. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Shenzhen Silver Basis, assuming nothing else is changed. The correlation between historical values of Shenzhen Silver's Good Will and Net Tangible 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 Good Will of Shenzhen Silver Basis are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Good Will i.e., Shenzhen Silver's Good Will and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Shenzhen Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Silver Basis 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 Shenzhen Silver Basis. 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 134.1
M. The current year's
Tax Provision is expected to grow to about 4.8
MShenzhen Silver fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Silver fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Silver Basis at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Silver Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Silver 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.