600022 Stock | | | 1.67 0.05 2.91% |
Shandong Iron financial indicator trend analysis is much more than just breaking down Shandong Iron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Iron is a good investment. Please check the relationship between Shandong Iron Net Income and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Iron and. 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.
Net Income vs Minority Interest
Net Income vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Iron Net Income account and
Minority Interest. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shandong Iron's Net Income and Minority Interest is 0.42. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Shandong Iron and, assuming nothing else is changed. The correlation between historical values of Shandong Iron's Net Income and Minority Interest 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 Shandong Iron and are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Net Income i.e., Shandong Iron's Net Income and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shandong Iron financial statement analysis. It represents the amount of money remaining after all of Shandong Iron and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Shandong Iron and whose combined shares represent less than 50% of the total outstanding shares issued by Shandong Iron have a minority interest in Shandong Iron.
Most indicators from Shandong Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Iron 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 Shandong Iron and. 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 985.8
M, whereas
Tax Provision is projected to grow to (26.2
M).
Shandong Iron fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Iron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Iron fundamental ratios Accounts
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Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Iron at a specified time, usually calculated after every quarter, six months, or one year. Shandong Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Iron 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.