| 300858 Stock | | | 16.47 0.25 1.54% |
Beijing Scitop financial indicator trend analysis is way more than just evaluating Beijing Scitop Bio prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Scitop Bio is a good investment. Please check the relationship between Beijing Scitop Non Currrent Assets Other and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Scitop Bio. 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.
Non Currrent Assets Other vs Cash
Non Currrent Assets Other vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Scitop Bio Non Currrent Assets Other account and
Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Beijing Scitop's Non Currrent Assets Other and Cash is 0.35. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash in the same time period over historical financial statements of Beijing Scitop Bio, assuming nothing else is changed. The correlation between historical values of Beijing Scitop's Non Currrent Assets Other and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Beijing Scitop Bio are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Currrent Assets Other i.e., Beijing Scitop's Non Currrent Assets Other and Cash go up and down completely randomly.
Correlation Coefficient | 0.35 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Cash
Cash refers to the most liquid asset of Beijing Scitop Bio, which is listed under current asset account on Beijing Scitop Bio balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Beijing Scitop customers. The amounts must be unrestricted with restricted cash listed in a different Beijing Scitop account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Beijing Scitop's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Scitop Bio 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 Scitop Bio. 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 11.7
M, whereas
Selling General Administrative is forecasted to decline to about 27.9
M.
Beijing Scitop fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Scitop Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Scitop 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 Scitop Bio at a specified time, usually calculated after every quarter, six months, or one year. Beijing Scitop Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Scitop 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.