688256 Stock | | | 489.00 3.00 0.61% |
Cambricon Technologies financial indicator trend analysis is way more than just evaluating Cambricon Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cambricon Technologies is a good investment. Please check the relationship between Cambricon Technologies Investments and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cambricon Technologies Corp. 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.
Investments vs Net Income
Investments vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cambricon Technologies Investments account and
Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Cambricon Technologies' Investments and Net Income is -0.1. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Net Income in the same time period over historical financial statements of Cambricon Technologies Corp, assuming nothing else is changed. The correlation between historical values of Cambricon Technologies' Investments and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Cambricon Technologies Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Investments i.e., Cambricon Technologies' Investments and Net Income go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cambricon Technologies financial statement analysis. It represents the amount of money remaining after all of Cambricon Technologies Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Cambricon Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cambricon Technologies 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 Cambricon Technologies Corp. 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 26, 2024,
Selling General Administrative is expected to decline to about 57.9
M. In addition to that,
Tax Provision is expected to decline to about 3.1
MCambricon Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Cambricon Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cambricon Technologies fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Cambricon Stock
Balance Sheet is a snapshot of the
financial position of Cambricon Technologies at a specified time, usually calculated after every quarter, six months, or one year. Cambricon Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cambricon Technologies 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 Cambricon currently owns. An asset can also be divided into two categories, current and non-current.