900923 Stock | | | 0.66 0.02 2.94% |
Shanghai Bailian financial indicator trend analysis is much more than just breaking down Shanghai Bailian prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Bailian is a good investment. Please check the relationship between Shanghai Bailian Other Assets and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Bailian Group. 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
Shanghai Bailian Other Assets account and
Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shanghai Bailian's Other Assets and Common Stock is -0.64. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Shanghai Bailian Group, assuming nothing else is changed. The correlation between historical values of Shanghai Bailian's Other Assets and Common Stock 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 Shanghai Bailian Group are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Other Assets i.e., Shanghai Bailian's Other Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Most indicators from Shanghai Bailian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Bailian 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 Bailian Group. 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 25, 2024,
Selling General Administrative is expected to decline to about 5.6
B. In addition to that,
Tax Provision is expected to decline to about 469.1
MBalance Sheet is a snapshot of the
financial position of Shanghai Bailian at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Bailian Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Bailian 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.