688589 Stock | | | 28.51 0.26 0.92% |
Leaguer Shenzhen financial indicator trend analysis is infinitely more than just investigating Leaguer Shenzhen Mic recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leaguer Shenzhen Mic is a good investment. Please check the relationship between Leaguer Shenzhen Other Assets and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Leaguer Shenzhen MicroElectronics. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Leaguer Shenzhen Mic Other Assets account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Leaguer Shenzhen's Other Assets and Other Stockholder Equity is 0.29. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Leaguer Shenzhen MicroElectronics, assuming nothing else is changed. The correlation between historical values of Leaguer Shenzhen's Other Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Leaguer Shenzhen MicroElectronics are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Assets i.e., Leaguer Shenzhen's Other Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Leaguer Shenzhen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leaguer Shenzhen Mic 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 Leaguer Shenzhen MicroElectronics. 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
Tax Provision is expected to grow to about 13.4
M, whereas
Selling General Administrative is forecasted to decline to about 41.9
M.
Balance Sheet is a snapshot of the
financial position of Leaguer Shenzhen Mic at a specified time, usually calculated after every quarter, six months, or one year. Leaguer Shenzhen Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Leaguer Shenzhen 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 Leaguer currently owns. An asset can also be divided into two categories, current and non-current.