600691 Stock | | | 2.32 0.04 1.69% |
Yangmei Chemical financial indicator trend analysis is more than just analyzing Yangmei Chemical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yangmei Chemical is a good investment. Please check the relationship between Yangmei Chemical Short Term Investments and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yangmei Chemical Co. 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.
Short Term Investments vs Long Term Investments
Short Term Investments vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yangmei Chemical Short Term Investments account and
Long Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Yangmei Chemical's Short Term Investments and Long Term Investments is -0.4. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Yangmei Chemical Co, assuming nothing else is changed. The correlation between historical values of Yangmei Chemical's Short Term Investments and Long 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 Short Term Investments of Yangmei Chemical Co are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Short Term Investments i.e., Yangmei Chemical's Short Term Investments and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Yangmei Chemical balance sheet. It contains any investments Yangmei Chemical Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Yangmei Chemical can easily liquidate in the marketplace.
Long Term Investments
Long Term Investments is an item on the asset side of Yangmei Chemical balance sheet that represents investments Yangmei Chemical intends to hold for over a year. Yangmei Chemical Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Yangmei Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yangmei Chemical 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 Yangmei Chemical Co. 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.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 104.9
M. In addition to that,
Tax Provision is expected to decline to about 8.8
MYangmei Chemical fundamental ratios Correlations
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Yangmei Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yangmei Chemical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Yangmei Stock
Balance Sheet is a snapshot of the
financial position of Yangmei Chemical at a specified time, usually calculated after every quarter, six months, or one year. Yangmei Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yangmei Chemical 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 Yangmei currently owns. An asset can also be divided into two categories, current and non-current.