0VSO Stock | | | 35.60 3.24 10.01% |
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 Property Plant Equipment and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BYD 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.
Property Plant Equipment vs Cash And Short Term Investments
Property Plant Equipment vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BYD Co Property Plant Equipment account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between BYD Co's Property Plant Equipment and Cash And Short Term Investments is 0.68. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of BYD Co, assuming nothing else is changed. The correlation between historical values of BYD Co's Property Plant Equipment and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of BYD Co are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant Equipment i.e., BYD Co's Property Plant Equipment and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant Equipment
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of BYD Co balance sheet. This account contains BYD Co investments that will expire within one year. These investments include stocks and bonds that can be liquidated by BYD Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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. 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.
Tax Provision is likely to drop to about 608.4
M in 2024.
Selling General Administrative is likely to drop to about 9.4
B in 2024
BYD 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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Additional Tools for BYD Stock Analysis
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measure BYD Co's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BYD Co is operating at the current time. Most of BYD Co's value examination focuses on studying past and present price action to
predict the probability of BYD Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BYD Co's price. Additionally, you may evaluate how the addition of BYD Co to your portfolios can decrease your overall portfolio volatility.