EDU Stock | | | USD 57.36 0.35 0.61% |
New Oriental financial indicator trend analysis is infinitely more than just investigating New Oriental Education recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Oriental Education is a good investment. Please check the relationship between New Oriental Current Deferred Revenue and its Preferred Stock Total Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental 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.
Current Deferred Revenue vs Preferred Stock Total Equity
Current Deferred Revenue vs Preferred Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Oriental Education Current Deferred Revenue account and
Preferred Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between New Oriental's Current Deferred Revenue and Preferred Stock Total Equity is 0.6. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Preferred Stock Total Equity in the same time period over historical financial statements of New Oriental Education, assuming nothing else is changed. The correlation between historical values of New Oriental's Current Deferred Revenue and Preferred Stock Total 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 Current Deferred Revenue of New Oriental Education are associated (or correlated) with its Preferred Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Preferred Stock Total Equity has no effect on the direction of Current Deferred Revenue i.e., New Oriental's Current Deferred Revenue and Preferred Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Preferred Stock Total Equity
Most indicators from New Oriental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Oriental 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental 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.
At this time, New Oriental's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 41.07 in 2024, whereas
Tax Provision is likely to drop slightly above 86.8
M in 2024.
New Oriental fundamental ratios Correlations
Click cells to compare fundamentals
New Oriental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Oriental fundamental ratios Accounts
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measure New Oriental'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 New Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to
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