600568 Stock | | | 1.57 0.01 0.64% |
Zhongzhu Medical financial indicator trend analysis is more than just analyzing Zhongzhu Medical Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongzhu Medical Holdings is a good investment. Please check the relationship between Zhongzhu Medical Inventory and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongzhu Medical Holdings. 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.
Inventory vs Long Term Investments
Inventory vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhongzhu Medical Holdings Inventory account and
Long Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Zhongzhu Medical's Inventory and Long Term Investments is -0.53. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Zhongzhu Medical Holdings, assuming nothing else is changed. The correlation between historical values of Zhongzhu Medical's Inventory and Long 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 Inventory of Zhongzhu Medical Holdings are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Inventory i.e., Zhongzhu Medical's Inventory and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Inventory
Long Term Investments
Long Term Investments is an item on the asset side of Zhongzhu Medical balance sheet that represents investments Zhongzhu Medical Holdings intends to hold for over a year. Zhongzhu Medical Holdings long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Zhongzhu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongzhu Medical Holdings 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 Zhongzhu Medical Holdings. 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 86.5
M, whereas
Tax Provision is forecasted to decline to about 15.1
K.
Zhongzhu Medical fundamental ratios Correlations
Click cells to compare fundamentals
Zhongzhu Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhongzhu Medical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongzhu Stock
Balance Sheet is a snapshot of the
financial position of Zhongzhu Medical Holdings at a specified time, usually calculated after every quarter, six months, or one year. Zhongzhu Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhongzhu Medical 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 Zhongzhu currently owns. An asset can also be divided into two categories, current and non-current.