688363 Stock | | | 57.27 0.13 0.23% |
Bloomage Biotechnology financial indicator trend analysis is way more than just evaluating Bloomage Biotechnology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bloomage Biotechnology is a good investment. Please check the relationship between Bloomage Biotechnology Retained Earnings and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bloomage Biotechnology 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.
Retained Earnings vs Inventory
Retained Earnings vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bloomage Biotechnology Retained Earnings account and
Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bloomage Biotechnology's Retained Earnings and Inventory is 0.95. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Bloomage Biotechnology Corp, assuming nothing else is changed. The correlation between historical values of Bloomage Biotechnology's Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Bloomage Biotechnology Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Bloomage Biotechnology's Retained Earnings and Inventory go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Inventory
Most indicators from Bloomage Biotechnology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bloomage Biotechnology 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 Bloomage Biotechnology 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 27, 2024,
Tax Provision is expected to decline to about 117.2
M. In addition to that,
Selling General Administrative is expected to decline to about 1.5
BBloomage Biotechnology fundamental ratios Correlations
Click cells to compare fundamentals
Bloomage Biotechnology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bloomage Biotechnology fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Bloomage Stock
Balance Sheet is a snapshot of the
financial position of Bloomage Biotechnology at a specified time, usually calculated after every quarter, six months, or one year. Bloomage Biotechnology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bloomage Biotechnology 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 Bloomage currently owns. An asset can also be divided into two categories, current and non-current.