600335 Stock | | | 6.56 0.21 3.10% |
Sinomach Automobile financial indicator trend analysis is much more than just breaking down Sinomach Automobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinomach Automobile is a good investment. Please check the relationship between Sinomach Automobile Long Term Investments and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinomach Automobile 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 Retained Earnings
Long Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinomach Automobile Long Term Investments account and
Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sinomach Automobile's Long Term Investments and Retained Earnings is 0.88. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Sinomach Automobile Co, assuming nothing else is changed. The correlation between historical values of Sinomach Automobile's Long Term Investments and Retained Earnings 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 Sinomach Automobile Co are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Investments i.e., Sinomach Automobile's Long Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Sinomach Automobile balance sheet that represents investments Sinomach Automobile intends to hold for over a year. Sinomach Automobile Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Sinomach Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinomach Automobile 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 Sinomach Automobile 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.
The current year's
Tax Provision is expected to grow to about 161.5
M, whereas
Selling General Administrative is forecasted to decline to about 549.3
M.
Sinomach Automobile fundamental ratios Correlations
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Sinomach Automobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinomach Automobile fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sinomach Stock
Balance Sheet is a snapshot of the
financial position of Sinomach Automobile at a specified time, usually calculated after every quarter, six months, or one year. Sinomach Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinomach Automobile 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 Sinomach currently owns. An asset can also be divided into two categories, current and non-current.