| BEDU Stock | | | USD 1.83 0.03 1.61% |
Bright Scholar financial indicator trend analysis is way more than just evaluating Bright Scholar Education prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bright Scholar Education is a good investment. Please check the relationship between Bright Scholar Total Liab and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Total Liab vs Intangible Assets
Total Liab vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bright Scholar Education Total Liab account and
Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bright Scholar's Total Liab and Intangible Assets is 0.94. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Bright Scholar Education, assuming nothing else is changed. The correlation between historical values of Bright Scholar's Total Liab and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Bright Scholar Education are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Liab i.e., Bright Scholar's Total Liab and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Bright Scholar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bright Scholar Education 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 Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Tax Provision is likely to gain to about 224.5
M in 2024, whereas
Discontinued Operations is likely to drop slightly above 252.1
M in 2024.
Bright Scholar fundamental ratios Correlations
Click cells to compare fundamentals
Bright Scholar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bright Scholar fundamental ratios Accounts
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