300586 Stock | | | 8.15 0.31 3.66% |
Malion New financial indicator trend analysis is infinitely more than just investigating Malion New Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Malion New Materials is a good investment. Please check the relationship between Malion New Retained Earnings and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Malion New Materials. 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.
Retained Earnings vs Other Assets
Retained Earnings vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Malion New Materials Retained Earnings account and
Other Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Malion New's Retained Earnings and Other Assets is 0.93. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets in the same time period over historical financial statements of Malion New Materials, assuming nothing else is changed. The correlation between historical values of Malion New's Retained Earnings and Other 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 Retained Earnings of Malion New Materials are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Retained Earnings i.e., Malion New's Retained Earnings and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
Other Assets
Most indicators from Malion New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Malion New Materials 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 Malion New Materials. 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 16.7
M, whereas
Selling General Administrative is forecasted to decline to about 37.1
M.
Malion New fundamental ratios Correlations
Click cells to compare fundamentals
Malion New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Malion New fundamental ratios Accounts
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Other Information on Investing in Malion Stock
Balance Sheet is a snapshot of the
financial position of Malion New Materials at a specified time, usually calculated after every quarter, six months, or one year. Malion New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Malion New 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 Malion currently owns. An asset can also be divided into two categories, current and non-current.