300036 Stock | | | 19.01 0.38 2.04% |
Beijing SuperMap financial indicator trend analysis is way more than just evaluating Beijing SuperMap Software prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing SuperMap Software is a good investment. Please check the relationship between Beijing SuperMap Short Term Investments and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing SuperMap Software. 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.
Short Term Investments vs Other Current Assets
Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing SuperMap Software Short Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Beijing SuperMap's Short Term Investments and Other Current Assets is -0.58. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Beijing SuperMap Software, assuming nothing else is changed. The correlation between historical values of Beijing SuperMap's Short Term Investments and Other 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 Short Term Investments of Beijing SuperMap Software are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Term Investments i.e., Beijing SuperMap's Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Beijing SuperMap balance sheet. It contains any investments Beijing SuperMap Software undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Beijing SuperMap Software can easily liquidate in the marketplace.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Beijing SuperMap's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing SuperMap Software 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 SuperMap Software. 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 11.9
M, whereas
Selling General Administrative is forecasted to decline to about 211.3
M.
Beijing SuperMap fundamental ratios Correlations
Click cells to compare fundamentals
Beijing SuperMap Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing SuperMap 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 SuperMap Software at a specified time, usually calculated after every quarter, six months, or one year. Beijing SuperMap Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing SuperMap 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.