605339 Stock | | | 17.03 0.03 0.18% |
Namchow Food financial indicator trend analysis is infinitely more than just investigating Namchow Food Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Namchow Food Group is a good investment. Please check the relationship between Namchow Food Intangible Assets and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Namchow Food Group. 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.
Intangible Assets vs Cash And Short Term Investments
Intangible Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Namchow Food Group Intangible Assets account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Namchow Food's Intangible Assets and Cash And Short Term Investments is 0.87. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Namchow Food Group, assuming nothing else is changed. The correlation between historical values of Namchow Food's Intangible Assets and 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 Intangible Assets of Namchow Food Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Intangible Assets i.e., Namchow Food's Intangible Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Namchow Food Group balance sheet. This account contains Namchow Food investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Namchow Food Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Namchow Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Namchow Food Group 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 Namchow Food Group. 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
Selling General Administrative is expected to grow to about 368.5
M. The current year's
Tax Provision is expected to grow to about 50.8
MNamchow Food fundamental ratios Correlations
Click cells to compare fundamentals
Namchow Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Namchow Food fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Namchow Stock
Balance Sheet is a snapshot of the
financial position of Namchow Food Group at a specified time, usually calculated after every quarter, six months, or one year. Namchow Food Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Namchow Food 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 Namchow currently owns. An asset can also be divided into two categories, current and non-current.