| 688217 Stock | | | 21.38 0.99 4.43% |
Shanghai Rightongene financial indicator trend analysis is much more than just breaking down Shanghai Rightongene prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Rightongene is a good investment. Please check the relationship between Shanghai Rightongene Property Plant And Equipment Net and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Rightongene Biotechnology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Property Plant And Equipment Net vs Total Current Assets
Property Plant And Equipment Net vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Rightongene Property Plant And Equipment Net account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shanghai Rightongene's Property Plant And Equipment Net and Total Current Assets is 0.8. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shanghai Rightongene Biotechnology, assuming nothing else is changed. The correlation between historical values of Shanghai Rightongene's Property Plant And Equipment Net and Total Current 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 Property Plant And Equipment Net of Shanghai Rightongene Biotechnology are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant And Equipment Net i.e., Shanghai Rightongene's Property Plant And Equipment Net and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Shanghai Rightongene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rightongene 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 Rightongene Biotechnology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 37.3
M, whereas
Tax Provision is projected to grow to (3.9
M).
Shanghai Rightongene fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Rightongene Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Rightongene 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 Rightongene at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Rightongene Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Rightongene 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.