| 603069 Stock | | | 20.16 0.06 0.30% |
Hainan Haiqi financial indicator trend analysis is much more than just examining Hainan Haiqi Transpo latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Haiqi Transpo is a good investment. Please check the relationship between Hainan Haiqi Cash and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Haiqi Transportation. 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.
Cash vs Short Term Investments
Cash vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hainan Haiqi Transpo Cash account and
Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hainan Haiqi's Cash and Short Term Investments is 0.3. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Hainan Haiqi Transportation, assuming nothing else is changed. The correlation between historical values of Hainan Haiqi's Cash and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Hainan Haiqi Transportation are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Hainan Haiqi's Cash and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Hainan Haiqi Transpo, which is listed under current asset account on Hainan Haiqi Transportation balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hainan Haiqi customers. The amounts must be unrestricted with restricted cash listed in a different Hainan Haiqi 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.
Short Term Investments
Short Term Investments is an item under the current assets section of Hainan Haiqi balance sheet. It contains any investments Hainan Haiqi Transportation undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Hainan Haiqi Transpo can easily liquidate in the marketplace.
Most indicators from Hainan Haiqi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Haiqi Transpo 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 Haiqi Transportation. 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 30, 2024,
Selling General Administrative is expected to decline to about 29.1
M. In addition to that,
Tax Provision is expected to decline to about 4.8
MHainan Haiqi fundamental ratios Correlations
Click cells to compare fundamentals
Hainan Haiqi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hainan Haiqi 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 Haiqi Transpo at a specified time, usually calculated after every quarter, six months, or one year. Hainan Haiqi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hainan Haiqi 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.