600585 Stock | | | 25.66 0.01 0.04% |
Anhui Conch financial indicator trend analysis is way more than just evaluating Anhui Conch Cement prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Conch Cement is a good investment. Please check the relationship between Anhui Conch Other Liab and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Conch Cement. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Conch Cement Other Liab account and
Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Anhui Conch's Other Liab and Short Term Investments is 0.47. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Anhui Conch Cement, assuming nothing else is changed. The correlation between historical values of Anhui Conch's Other Liab 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 Other Liab of Anhui Conch Cement 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 Other Liab i.e., Anhui Conch's Other Liab and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments is an item under the current assets section of Anhui Conch balance sheet. It contains any investments Anhui Conch Cement undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Anhui Conch Cement can easily liquidate in the marketplace.
Most indicators from Anhui Conch's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Conch Cement 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 Anhui Conch Cement. 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.
At present, Anhui Conch's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 5.4
B, whereas
Issuance Of Capital Stock is forecasted to decline to about 145.5
M.
Balance Sheet is a snapshot of the
financial position of Anhui Conch Cement at a specified time, usually calculated after every quarter, six months, or one year. Anhui Conch Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Conch 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.