BEST Stock | | | USD 2.66 0.02 0.75% |
BEST financial indicator trend analysis is way more than just evaluating BEST Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BEST Inc is a good investment. Please check the relationship between BEST Other Assets and its Long Term Debt Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BEST Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BEST Inc Other Assets account and
Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between BEST's Other Assets and Long Term Debt Total is 0.82. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of BEST Inc, assuming nothing else is changed. The correlation between historical values of BEST's Other Assets and Long Term Debt Total 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 BEST Inc are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Other Assets i.e., BEST's Other Assets and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from BEST's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BEST Inc 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 BEST Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Selling General Administrative is likely to gain to about 876.1
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (42
M).
When running BEST's price analysis, check to
measure BEST's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BEST is operating at the current time. Most of BEST's value examination focuses on studying past and present price action to
predict the probability of BEST's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BEST's price. Additionally, you may evaluate how the addition of BEST to your portfolios can decrease your overall portfolio volatility.