603008 Stock | | | 18.95 0.45 2.43% |
Xilinmen Furniture financial indicator trend analysis is more than just analyzing Xilinmen Furniture current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xilinmen Furniture is a good investment. Please check the relationship between Xilinmen Furniture Common Stock and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xilinmen Furniture 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 board of governors.
Common Stock vs Cash
Common Stock vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xilinmen Furniture Common Stock account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Xilinmen Furniture's Common Stock and Cash is 0.67. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Xilinmen Furniture Co, assuming nothing else is changed. The correlation between historical values of Xilinmen Furniture's Common Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Xilinmen Furniture Co are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock i.e., Xilinmen Furniture's Common Stock and Cash go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Common Stock
Cash
Cash refers to the most liquid asset of Xilinmen Furniture, which is listed under current asset account on Xilinmen Furniture Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Xilinmen Furniture customers. The amounts must be unrestricted with restricted cash listed in a different Xilinmen Furniture account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Xilinmen Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xilinmen Furniture 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 Xilinmen Furniture 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 board of governors.
The current year's
Selling General Administrative is expected to grow to about 1.6
B, whereas
Tax Provision is forecasted to decline to about 72.5
M.
Xilinmen Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Xilinmen Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xilinmen Furniture fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xilinmen Stock
Balance Sheet is a snapshot of the
financial position of Xilinmen Furniture at a specified time, usually calculated after every quarter, six months, or one year. Xilinmen Furniture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xilinmen Furniture 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 Xilinmen currently owns. An asset can also be divided into two categories, current and non-current.