| 605128 Stock | | | 40.38 1.73 4.48% |
Shanghai Yanpu financial indicator trend analysis is much more than just breaking down Shanghai Yanpu Metal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Yanpu Metal is a good investment. Please check the relationship between Shanghai Yanpu Total Stockholder Equity and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Yanpu Metal. 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.
Total Stockholder Equity vs Total Assets
Total Stockholder Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Yanpu Metal Total Stockholder Equity account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shanghai Yanpu's Total Stockholder Equity and Total Assets is 0.94. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Shanghai Yanpu Metal, assuming nothing else is changed. The correlation between historical values of Shanghai Yanpu's Total Stockholder Equity and Total 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 Total Stockholder Equity of Shanghai Yanpu Metal are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., Shanghai Yanpu's Total Stockholder Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Total Assets
Total assets refers to the total amount of Shanghai Yanpu assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shanghai Yanpu Metal books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Shanghai Yanpu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Yanpu Metal 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 Shanghai Yanpu Metal. 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 29, 2024,
Selling General Administrative is expected to decline to about 21
M. In addition to that,
Tax Provision is expected to decline to about 9
MShanghai Yanpu fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Yanpu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Yanpu fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Yanpu Metal at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Yanpu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Yanpu 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.