600497 Stock | | | 5.73 0.26 4.34% |
Yunnan Chihong financial indicator trend analysis is more than just analyzing Yunnan Chihong ZincG current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yunnan Chihong ZincG is a good investment. Please check the relationship between Yunnan Chihong Long Term Investments and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yunnan Chihong ZincGermanium. 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 Total Current Liabilities
Long Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yunnan Chihong ZincG Long Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Yunnan Chihong's Long Term Investments and Total Current Liabilities is 0.42. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Yunnan Chihong ZincGermanium, assuming nothing else is changed. The correlation between historical values of Yunnan Chihong's Long Term Investments and Total Current Liabilities 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 Yunnan Chihong ZincGermanium are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Investments i.e., Yunnan Chihong's Long Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Yunnan Chihong balance sheet that represents investments Yunnan Chihong ZincG intends to hold for over a year. Yunnan Chihong ZincGermanium long term investments may include different instruments such as stocks, bonds, real estate and cash.
Total Current Liabilities
Total Current Liabilities is an item on Yunnan Chihong balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Yunnan Chihong ZincGermanium are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Yunnan Chihong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yunnan Chihong ZincG 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 Yunnan Chihong ZincGermanium. 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 504.6
M, whereas
Tax Provision is forecasted to decline to about 207.1
M.
Yunnan Chihong fundamental ratios Correlations
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Yunnan Chihong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yunnan Chihong fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yunnan Stock
Balance Sheet is a snapshot of the
financial position of Yunnan Chihong ZincG at a specified time, usually calculated after every quarter, six months, or one year. Yunnan Chihong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yunnan Chihong 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 Yunnan currently owns. An asset can also be divided into two categories, current and non-current.