600499 Stock | | | 8.41 0.04 0.48% |
Keda Clean financial indicator trend analysis is infinitely more than just investigating Keda Clean Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Keda Clean Energy is a good investment. Please check the relationship between Keda Clean Retained Earnings and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Keda Clean Energy. 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.
Retained Earnings vs Short Term Investments
Retained Earnings vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Keda Clean Energy Retained Earnings account and
Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Keda Clean's Retained Earnings and Short Term Investments is 0.83. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Keda Clean Energy, assuming nothing else is changed. The correlation between historical values of Keda Clean's Retained Earnings and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Keda Clean Energy are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Retained Earnings i.e., Keda Clean's Retained Earnings and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
Short Term Investments
Short Term Investments is an item under the current assets section of Keda Clean balance sheet. It contains any investments Keda Clean Energy undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Keda Clean Energy can easily liquidate in the marketplace.
Most indicators from Keda Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Keda Clean Energy 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 Keda Clean Energy. 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 43.9
M, whereas
Selling General Administrative is forecasted to decline to about 351.4
M.
Keda Clean fundamental ratios Correlations
Click cells to compare fundamentals
Keda Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Keda Clean fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Keda Stock
Balance Sheet is a snapshot of the
financial position of Keda Clean Energy at a specified time, usually calculated after every quarter, six months, or one year. Keda Clean Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Keda Clean 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 Keda currently owns. An asset can also be divided into two categories, current and non-current.