Kailong High financial indicator trend analysis is infinitely more than just investigating Kailong High Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kailong High Technology is a good investment. Please check the relationship between Kailong High Net Income From Continuing Ops and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kailong High Technology. 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.
Net Income From Continuing Ops vs Reconciled Depreciation
Net Income From Continuing Ops vs Reconciled Depreciation Correlation Analysis
The correlation between Kailong High's Net Income From Continuing Ops and Reconciled Depreciation is -0.43. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Kailong High Technology, assuming nothing else is changed. The correlation between historical values of Kailong High's Net Income From Continuing Ops and Reconciled Depreciation 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 Income From Continuing Ops of Kailong High Technology are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Net Income From Continuing Ops i.e., Kailong High's Net Income From Continuing Ops and Reconciled Depreciation go up and down completely randomly.
Most indicators from Kailong High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kailong High Technology 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 Kailong High Technology. 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.
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 Kailong High Technology at a specified time, usually calculated after every quarter, six months, or one year. Kailong High Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kailong High 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 Kailong currently owns. An asset can also be divided into two categories, current and non-current.