603885 Stock | | | 14.54 0.14 0.97% |
Juneyao Airlines financial indicator trend analysis is infinitely more than just investigating Juneyao Airlines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Juneyao Airlines is a good investment. Please check the relationship between Juneyao Airlines Deferred Long Term Liab and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Juneyao Airlines. 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.
Deferred Long Term Liab vs Net Tangible Assets
Deferred Long Term Liab vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Juneyao Airlines Deferred Long Term Liab account and
Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Juneyao Airlines' Deferred Long Term Liab and Net Tangible Assets is 0.9. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Juneyao Airlines, assuming nothing else is changed. The correlation between historical values of Juneyao Airlines' Deferred Long Term Liab and Net Tangible 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 Deferred Long Term Liab of Juneyao Airlines are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Deferred Long Term Liab i.e., Juneyao Airlines' Deferred Long Term Liab and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Juneyao Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Juneyao Airlines 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 Juneyao Airlines. 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 220.2
M, whereas
Selling General Administrative is forecasted to decline to about 740.1
M.
Juneyao Airlines fundamental ratios Correlations
Click cells to compare fundamentals
Juneyao Airlines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Juneyao Airlines fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Juneyao Stock
Balance Sheet is a snapshot of the
financial position of Juneyao Airlines at a specified time, usually calculated after every quarter, six months, or one year. Juneyao Airlines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Juneyao Airlines 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 Juneyao currently owns. An asset can also be divided into two categories, current and non-current.