002841 Stock | | | 39.26 0.66 1.65% |
Guangzhou Shiyuan financial indicator trend analysis is much more than just examining Guangzhou Shiyuan latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Shiyuan is a good investment. Please check the relationship between Guangzhou Shiyuan Net Income and its Research Development accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Shiyuan Electronic. 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.
Net Income vs Research Development
Net Income vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangzhou Shiyuan Net Income account and
Research Development. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangzhou Shiyuan's Net Income and Research Development is 0.87. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Guangzhou Shiyuan Electronic, assuming nothing else is changed. The correlation between historical values of Guangzhou Shiyuan's Net Income and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Guangzhou Shiyuan Electronic are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Net Income i.e., Guangzhou Shiyuan's Net Income and Research Development go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Guangzhou Shiyuan financial statement analysis. It represents the amount of money remaining after all of Guangzhou Shiyuan Electronic operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Research Development
Most indicators from Guangzhou Shiyuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Shiyuan 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 Guangzhou Shiyuan Electronic. 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 146.5
M, whereas
Selling General Administrative is forecasted to decline to about 1.4
B.
Guangzhou Shiyuan fundamental ratios Correlations
Click cells to compare fundamentals
Guangzhou Shiyuan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangzhou Shiyuan fundamental ratios Accounts
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Other Information on Investing in Guangzhou Stock
Balance Sheet is a snapshot of the
financial position of Guangzhou Shiyuan at a specified time, usually calculated after every quarter, six months, or one year. Guangzhou Shiyuan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangzhou Shiyuan 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 Guangzhou currently owns. An asset can also be divided into two categories, current and non-current.