601229 Stock | | | 8.20 0.08 0.99% |
Bank of Shanghai financial indicator trend analysis is way more than just evaluating Bank of Shanghai prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Shanghai is a good investment. Please check the relationship between Bank of Shanghai Net Receivables and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Shanghai. 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
Bank of Shanghai Net Receivables account and
Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bank of Shanghai's Net Receivables and Inventory is 0.64. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Inventory in the same time period over historical financial statements of Bank of Shanghai, assuming nothing else is changed. The correlation between historical values of Bank of Shanghai's Net Receivables and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Bank of Shanghai are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Receivables i.e., Bank of Shanghai's Net Receivables and Inventory go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Bank of Shanghai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Shanghai 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 Bank of Shanghai. 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 30, 2024,
Selling General Administrative is expected to decline to about 10.9
B. In addition to that,
Tax Provision is expected to decline to about 1.9
BBalance Sheet is a snapshot of the
financial position of Bank of Shanghai at a specified time, usually calculated after every quarter, six months, or one year. Bank of Shanghai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Shanghai 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.