300219 Stock | | | 7.82 0.12 1.56% |
Guangzhou Hongli financial indicator trend analysis is much more than just examining Guangzhou Hongli Opto latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Hongli Opto is a good investment. Please check the relationship between Guangzhou Hongli Long Term Investments and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Hongli Opto. 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.
Long Term Investments vs Short Term Investments
Long Term Investments vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangzhou Hongli Opto Long Term Investments account and
Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Guangzhou Hongli's Long Term Investments and Short Term Investments is 0.3. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Guangzhou Hongli Opto, assuming nothing else is changed. The correlation between historical values of Guangzhou Hongli's Long Term Investments 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 Long Term Investments of Guangzhou Hongli Opto are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Long Term Investments i.e., Guangzhou Hongli's Long Term Investments and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Guangzhou Hongli balance sheet that represents investments Guangzhou Hongli Opto intends to hold for over a year. Guangzhou Hongli Opto long term investments may include different instruments such as stocks, bonds, real estate and cash.
Short Term Investments
Short Term Investments is an item under the current assets section of Guangzhou Hongli balance sheet. It contains any investments Guangzhou Hongli Opto undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Guangzhou Hongli Opto can easily liquidate in the marketplace.
Most indicators from Guangzhou Hongli's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Hongli Opto 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 Hongli Opto. 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.
The current year's
Selling General Administrative is expected to grow to about 139.2
M, whereas
Tax Provision is forecasted to decline to about 24.6
M.
Guangzhou Hongli fundamental ratios Correlations
Click cells to compare fundamentals
Guangzhou Hongli Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangzhou Hongli 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 Guangzhou Stock
Balance Sheet is a snapshot of the
financial position of Guangzhou Hongli Opto at a specified time, usually calculated after every quarter, six months, or one year. Guangzhou Hongli Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangzhou Hongli 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.