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 Other Assets and its Non Current Liabilities Total 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Juneyao Airlines Other Assets account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Juneyao Airlines' Other Assets and Non Current Liabilities Total is 0.84. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Non Current Liabilities Total 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' Other Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Juneyao Airlines are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Assets i.e., Juneyao Airlines' Other Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.
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.