| 300450 Stock | | | 24.44 1.52 5.86% |
Wuxi Lead financial indicator trend analysis is more than just analyzing Wuxi Lead Auto current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wuxi Lead Auto is a good investment. Please check the relationship between Wuxi Lead Net Tangible Assets and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Wuxi Lead Auto. 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 Tangible Assets vs Retained Earnings
Net Tangible Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wuxi Lead Auto Net Tangible Assets account and
Retained Earnings. At this time, the significance of the direction appears to have totally related.
The correlation between Wuxi Lead's Net Tangible Assets and Retained Earnings is 0.99. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Wuxi Lead Auto, assuming nothing else is changed. The correlation between historical values of Wuxi Lead's Net Tangible Assets and Retained Earnings 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 Tangible Assets of Wuxi Lead Auto are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Tangible Assets i.e., Wuxi Lead's Net Tangible Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Wuxi Lead's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wuxi Lead Auto 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 Wuxi Lead Auto. 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
Selling General Administrative is expected to grow to about 851.6
M, whereas
Tax Provision is forecasted to decline to about 116.8
M.
Wuxi Lead fundamental ratios Correlations
Click cells to compare fundamentals
Wuxi Lead Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wuxi Lead fundamental ratios Accounts
Also Currently Popular
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 Wuxi Stock
Balance Sheet is a snapshot of the
financial position of Wuxi Lead Auto at a specified time, usually calculated after every quarter, six months, or one year. Wuxi Lead Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wuxi Lead 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 Wuxi currently owns. An asset can also be divided into two categories, current and non-current.