| 301217 Stock | | | 10.46 0.19 1.78% |
Anhui Tongguan financial indicator trend analysis is way more than just evaluating Anhui Tongguan Copper prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Tongguan Copper is a good investment. Please check the relationship between Anhui Tongguan Net Income and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Tongguan Copper. 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 vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Tongguan Copper Net Income account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Anhui Tongguan's Net Income and Depreciation is -0.24. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Anhui Tongguan Copper, assuming nothing else is changed. The correlation between historical values of Anhui Tongguan's Net Income and 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 of Anhui Tongguan Copper are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Anhui Tongguan's Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.24 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Anhui Tongguan Copper financial statement analysis. It represents the amount of money remaining after all of Anhui Tongguan Copper operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Anhui Tongguan Copper value has been used up. For tax purposes Anhui Tongguan can deduct the cost of the tangible assets it purchases as business expenses. However, Anhui Tongguan Copper must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Anhui Tongguan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Tongguan Copper 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 Anhui Tongguan Copper. 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.
The current year's
Selling General Administrative is expected to grow to about 15.5
M, whereas
Tax Provision is projected to grow to (10.7
M).
Anhui Tongguan fundamental ratios Correlations
Click cells to compare fundamentals
Anhui Tongguan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anhui Tongguan fundamental ratios Accounts
Also Currently Popular
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 Anhui Stock
Balance Sheet is a snapshot of the
financial position of Anhui Tongguan Copper at a specified time, usually calculated after every quarter, six months, or one year. Anhui Tongguan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Tongguan 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.