| 301289 Stock | | | 50.40 0.24 0.48% |
Shanghai National financial indicator trend analysis is much more than just breaking down Shanghai National Center prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai National Center is a good investment. Please check the relationship between Shanghai National Gross Profit and its Research Development accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai National Center. 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.
Gross Profit vs Research Development
Gross Profit vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai National Center Gross Profit account and
Research Development. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shanghai National's Gross Profit and Research Development is 0.69. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Research Development in the same time period over historical financial statements of Shanghai National Center, assuming nothing else is changed. The correlation between historical values of Shanghai National's Gross Profit and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Shanghai National Center are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Gross Profit i.e., Shanghai National's Gross Profit and Research Development go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shanghai National Center minus its cost of goods sold. It is profit before Shanghai National operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Research Development
Most indicators from Shanghai National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai National Center 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 Shanghai National Center. 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
Selling General Administrative is expected to grow to about 18.6
M, whereas
Tax Provision is forecasted to decline to about 10.4
M.
| 2022 | 2023 | 2024 | 2025 (projected) |
Gross Profit | 130.5M | 158.5M | 182.2M | 153.2M | Total Revenue | 208.7M | 261.1M | 300.3M | 226.6M |
Shanghai National fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai National 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 Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai National Center at a specified time, usually calculated after every quarter, six months, or one year. Shanghai National Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai National 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.