| 600633 Stock | | | 11.14 0.18 1.64% |
Zhejiang Daily financial indicator trend analysis is more than just analyzing Zhejiang Daily Media current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Daily Media is a good investment. Please check the relationship between Zhejiang Daily Change To Account Receivables and its Change In Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Daily Media. 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
Zhejiang Daily Media Change To Account Receivables account and
Change In Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Daily's Change To Account Receivables and Change In Cash is 0.75. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Zhejiang Daily Media, assuming nothing else is changed. The correlation between historical values of Zhejiang Daily's Change To Account Receivables and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Zhejiang Daily Media are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Account Receivables i.e., Zhejiang Daily's Change To Account Receivables and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Most indicators from Zhejiang Daily's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Daily Media 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 Zhejiang Daily Media. 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 390.7
M, whereas
Discontinued Operations is projected to grow to (186.6
K).
Balance Sheet is a snapshot of the
financial position of Zhejiang Daily Media at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Daily Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Daily 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.