601969 Stock | | | 6.85 0.27 3.79% |
Hainan Mining financial indicator trend analysis is much more than just examining Hainan Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Mining is a good investment. Please check the relationship between Hainan Mining Short Term Investments and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Mining 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 Other Stockholder Equity
Short Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hainan Mining Short Term Investments account and
Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hainan Mining's Short Term Investments and Other Stockholder Equity is -0.47. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Hainan Mining Co, assuming nothing else is changed. The correlation between historical values of Hainan Mining's Short Term Investments and Other Stockholder Equity 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 Hainan Mining Co are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Term Investments i.e., Hainan Mining's Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Hainan Mining balance sheet. It contains any investments Hainan Mining Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Hainan Mining can easily liquidate in the marketplace.
Other Stockholder Equity
Most indicators from Hainan Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Mining 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 Hainan Mining 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.
The current year's
Tax Provision is expected to grow to about 207.3
M, whereas
Selling General Administrative is forecasted to decline to about 73.8
M.
Hainan Mining fundamental ratios Correlations
Click cells to compare fundamentals
Hainan Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hainan Mining fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hainan Stock
Balance Sheet is a snapshot of the
financial position of Hainan Mining at a specified time, usually calculated after every quarter, six months, or one year. Hainan Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hainan Mining 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 Hainan currently owns. An asset can also be divided into two categories, current and non-current.