| 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 Short Term Investments and its Other Current Liab 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.
Short Term Investments vs Other Current Liab
Short Term Investments vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Broadband Short Term Investments account and
Other Current Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shanghai Broadband's Short Term Investments and Other Current Liab is 0.23. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Liab 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 Short Term Investments and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Shanghai Broadband Technology are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Term Investments i.e., Shanghai Broadband's Short Term Investments and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Shanghai Broadband balance sheet. It contains any investments Shanghai Broadband Technology undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Shanghai Broadband can easily liquidate in the marketplace.
Other Current Liab
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
KShanghai Broadband fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Broadband Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Broadband fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance 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.