| 688776 Stock | | | 59.97 1.23 2.09% |
Guoguang Electric financial indicator trend analysis is much more than just examining Guoguang Electric latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guoguang Electric is a good investment. Please check the relationship between Guoguang Electric Cash And Short Term Investments and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guoguang Electric Co. 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.
Cash And Short Term Investments vs Non Currrent Assets Other
Cash And Short Term Investments vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guoguang Electric Cash And Short Term Investments account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Guoguang Electric's Cash And Short Term Investments and Non Currrent Assets Other is -0.53. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Guoguang Electric Co, assuming nothing else is changed. The correlation between historical values of Guoguang Electric's Cash And Short Term Investments and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Guoguang Electric Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash And Short Term Investments i.e., Guoguang Electric's Cash And Short Term Investments and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Guoguang Electric balance sheet. This account contains Guoguang Electric investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Guoguang Electric Co 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.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Guoguang Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guoguang Electric 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 Guoguang Electric Co. 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 17.3
M, whereas
Selling General Administrative is forecasted to decline to about 19.2
M.
Guoguang Electric fundamental ratios Correlations
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Guoguang Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guoguang Electric fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Guoguang Stock
Balance Sheet is a snapshot of the
financial position of Guoguang Electric at a specified time, usually calculated after every quarter, six months, or one year. Guoguang Electric Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guoguang Electric 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 Guoguang currently owns. An asset can also be divided into two categories, current and non-current.