| 600608 Stock | | | 4.20 0.24 6.06% |
Shanghai Broadband financial indicator trend analysis is much more than just breaking down Shanghai Broadband prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Broadband is a good investment. Please check the relationship between Shanghai Broadband Other Current Liab and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Broadband Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Broadband Other Current Liab account and
Other Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shanghai Broadband's Other Current Liab and Other Assets is 0.49. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Shanghai Broadband Technology, assuming nothing else is changed. The correlation between historical values of Shanghai Broadband's Other Current Liab and Other Assets 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 Current Liab of Shanghai Broadband Technology are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Current Liab i.e., Shanghai Broadband's Other Current Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Most indicators from Shanghai Broadband's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Broadband 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 Shanghai Broadband Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 23, 2024,
Selling General Administrative is expected to decline to about 5.2
M. In addition to that,
Tax Provision is expected to decline to about 221.5
KBalance Sheet is a snapshot of the
financial position of Shanghai Broadband at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Broadband Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Broadband 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.