Konfoong Materials financial indicator trend analysis is infinitely more than just investigating Konfoong Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Konfoong Materials is a good investment. Please check the relationship between Konfoong Materials Other Liab and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Konfoong Materials International. 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.
Other Liab vs Other Assets
Other Liab vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Konfoong Materials Other Liab account and Other Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Konfoong Materials' Other Liab and Other Assets is 0.87. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Konfoong Materials International, assuming nothing else is changed. The correlation between historical values of Konfoong Materials' Other Liab 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 Other Liab of Konfoong Materials International 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 Other Liab i.e., Konfoong Materials' Other Liab and Other Assets go up and down completely randomly.
Most indicators from Konfoong Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Konfoong 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 Konfoong Materials International. 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.
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.
Balance Sheet is a snapshot of the financial position of Konfoong Materials at a specified time, usually calculated after every quarter, six months, or one year. Konfoong Materials Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Konfoong Materials 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 Konfoong currently owns. An asset can also be divided into two categories, current and non-current.