601618 Stock | | | 3.43 0.03 0.88% |
Metallurgical financial indicator trend analysis is infinitely more than just investigating Metallurgical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metallurgical is a good investment. Please check the relationship between Metallurgical Retained Earnings and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Metallurgical of. 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.
Retained Earnings vs Intangible Assets
Retained Earnings vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Metallurgical Retained Earnings account and
Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Metallurgical's Retained Earnings and Intangible Assets is 0.96. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Metallurgical of, assuming nothing else is changed. The correlation between historical values of Metallurgical's Retained Earnings and Intangible 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 Retained Earnings of Metallurgical of are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Retained Earnings i.e., Metallurgical's Retained Earnings and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Metallurgical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metallurgical 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 Metallurgical of. 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.
At present, Metallurgical's
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 2.5
B, whereas
Issuance Of Capital Stock is forecasted to decline to about 5.1
B.
Metallurgical fundamental ratios Correlations
Click cells to compare fundamentals
Metallurgical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Metallurgical fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Metallurgical Stock
Balance Sheet is a snapshot of the
financial position of Metallurgical at a specified time, usually calculated after every quarter, six months, or one year. Metallurgical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Metallurgical 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 Metallurgical currently owns. An asset can also be divided into two categories, current and non-current.