002893 Stock | | | 11.56 0.75 6.09% |
Beijing HuaYuanYiTong financial indicator trend analysis is way more than just evaluating Beijing HuaYuanYiTong prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing HuaYuanYiTong is a good investment. Please check the relationship between Beijing HuaYuanYiTong Other Current Liab and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing HuaYuanYiTong Thermal. 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 Current Liab vs Total Current Assets
Other Current Liab vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing HuaYuanYiTong Other Current Liab account and
Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Beijing HuaYuanYiTong's Other Current Liab and Total Current Assets is -0.61. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Beijing HuaYuanYiTong Thermal, assuming nothing else is changed. The correlation between historical values of Beijing HuaYuanYiTong's Other Current Liab and Total Current 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 Other Current Liab of Beijing HuaYuanYiTong Thermal are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Current Liab i.e., Beijing HuaYuanYiTong's Other Current Liab and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.61 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Current Liab
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Beijing HuaYuanYiTong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing HuaYuanYiTong 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 Beijing HuaYuanYiTong Thermal. 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 16.3
M. The current year's
Selling General Administrative is expected to grow to about 21.2
MBeijing HuaYuanYiTong fundamental ratios Correlations
Click cells to compare fundamentals
Beijing HuaYuanYiTong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing HuaYuanYiTong fundamental ratios Accounts
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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 Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing HuaYuanYiTong at a specified time, usually calculated after every quarter, six months, or one year. Beijing HuaYuanYiTong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing HuaYuanYiTong 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.