601727 Stock | | | 10.08 0.23 2.34% |
Shanghai Electric financial indicator trend analysis is much more than just breaking down Shanghai Electric prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Electric is a good investment. Please check the relationship between Shanghai Electric Other Operating Expenses and its Ebitda accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Electric Group. 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.
Other Operating Expenses vs Ebitda
Other Operating Expenses vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Electric Other Operating Expenses account and
Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shanghai Electric's Other Operating Expenses and Ebitda is 0.43. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Ebitda in the same time period over historical financial statements of Shanghai Electric Group, assuming nothing else is changed. The correlation between historical values of Shanghai Electric's Other Operating Expenses and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Shanghai Electric Group are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Other Operating Expenses i.e., Shanghai Electric's Other Operating Expenses and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shanghai Electric. It is also known as Shanghai Electric overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Ebitda
Most indicators from Shanghai Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Electric 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 Electric Group. 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 22, 2024,
Selling General Administrative is expected to decline to about 5.1
B. In addition to that,
Tax Provision is expected to decline to about 610
MShanghai Electric fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Electric 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 Electric at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Electric Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Electric 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.