600325 Stock | | | 6.46 0.23 3.44% |
Huafa Industrial financial indicator trend analysis is much more than just examining Huafa Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huafa Industrial is a good investment. Please check the relationship between Huafa Industrial Long Term Investments and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Huafa Industrial Co. 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.
Long Term Investments vs Net Tangible Assets
Long Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Huafa Industrial Long Term Investments account and
Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Huafa Industrial's Long Term Investments and Net Tangible Assets is 0.89. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Huafa Industrial Co, assuming nothing else is changed. The correlation between historical values of Huafa Industrial's Long Term Investments and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Huafa Industrial Co are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Investments i.e., Huafa Industrial's Long Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Huafa Industrial balance sheet that represents investments Huafa Industrial intends to hold for over a year. Huafa Industrial Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Huafa Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huafa Industrial 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 Huafa Industrial Co. 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.
As of November 23, 2024,
Selling General Administrative is expected to decline to about 1.7
B. In addition to that,
Tax Provision is expected to decline to about 1.5
BHuafa Industrial fundamental ratios Correlations
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Huafa Industrial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Huafa Industrial fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Huafa Stock
Balance Sheet is a snapshot of the
financial position of Huafa Industrial at a specified time, usually calculated after every quarter, six months, or one year. Huafa Industrial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Huafa Industrial 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 Huafa currently owns. An asset can also be divided into two categories, current and non-current.