| 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 Net Income and its Free Cash Flow 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.
Net Income vs Free Cash Flow
Net Income vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhongzhu Medical Holdings Net Income account and
Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zhongzhu Medical's Net Income and Free Cash Flow is -0.14. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow 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 Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Zhongzhu Medical Holdings are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., Zhongzhu Medical's Net Income and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.14 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Zhongzhu Medical Holdings financial statement analysis. It represents the amount of money remaining after all of Zhongzhu Medical Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
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.