| 301092 Stock | | | 24.32 0.51 2.05% |
Zhejiang Zhengguang financial indicator trend analysis is more than just analyzing Zhejiang Zhengguang current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Zhengguang is a good investment. Please check the relationship between Zhejiang Zhengguang Change To Inventory and its End Period Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Zhengguang Industrial. 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.
Change To Inventory vs End Period Cash Flow
Change To Inventory vs End Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Zhengguang Change To Inventory account and
End Period Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Zhejiang Zhengguang's Change To Inventory and End Period Cash Flow is -0.61. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of End Period Cash Flow in the same time period over historical financial statements of Zhejiang Zhengguang Industrial, assuming nothing else is changed. The correlation between historical values of Zhejiang Zhengguang's Change To Inventory and End Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Zhejiang Zhengguang Industrial are associated (or correlated) with its End Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when End Period Cash Flow has no effect on the direction of Change To Inventory i.e., Zhejiang Zhengguang's Change To Inventory and End Period Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
End Period Cash Flow
Most indicators from Zhejiang Zhengguang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Zhengguang 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 Zhejiang Zhengguang Industrial. 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 23.8
M, whereas
Selling General Administrative is forecasted to decline to about 29.8
M.
Zhejiang Zhengguang fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Zhengguang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Zhengguang fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Zhengguang at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Zhengguang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Zhengguang 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.