601811 Stock | | | 14.58 0.24 1.67% |
Xinhua Winshare financial indicator trend analysis is more than just analyzing Xinhua Winshare Publ current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinhua Winshare Publ is a good investment. Please check the relationship between Xinhua Winshare Total Stockholder Equity and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinhua Winshare Publishing. 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.
Total Stockholder Equity vs Other Assets
Total Stockholder Equity vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinhua Winshare Publ Total Stockholder Equity account and
Other Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xinhua Winshare's Total Stockholder Equity and Other Assets is 0.58. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Assets in the same time period over historical financial statements of Xinhua Winshare Publishing, assuming nothing else is changed. The correlation between historical values of Xinhua Winshare's Total Stockholder Equity and Other 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 Total Stockholder Equity of Xinhua Winshare Publishing are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Stockholder Equity i.e., Xinhua Winshare's Total Stockholder Equity and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Other Assets
Most indicators from Xinhua Winshare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinhua Winshare Publ 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 Xinhua Winshare Publishing. 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.
The current year's
Selling General Administrative is expected to grow to about 1.1
B, whereas
Tax Provision is projected to grow to (61.9
M).
Xinhua Winshare fundamental ratios Correlations
Click cells to compare fundamentals
Xinhua Winshare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xinhua Winshare fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xinhua Stock
Balance Sheet is a snapshot of the
financial position of Xinhua Winshare Publ at a specified time, usually calculated after every quarter, six months, or one year. Xinhua Winshare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinhua Winshare 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 Xinhua currently owns. An asset can also be divided into two categories, current and non-current.