JXJT Stock | | | USD 1.20 0.01 0.84% |
JX Luxventure financial indicator trend analysis is infinitely more than just investigating JX Luxventure Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JX Luxventure Limited is a good investment. Please check the relationship between JX Luxventure Retained Earnings and its Cash accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JX Luxventure Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
JX Luxventure Limited Retained Earnings account and
Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between JX Luxventure's Retained Earnings and Cash is 0.86. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of JX Luxventure Limited, assuming nothing else is changed. The correlation between historical values of JX Luxventure's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of JX Luxventure Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., JX Luxventure's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Cash
Cash refers to the most liquid asset of JX Luxventure Limited, which is listed under current asset account on JX Luxventure Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from JX Luxventure customers. The amounts must be unrestricted with restricted cash listed in a different JX Luxventure account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from JX Luxventure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JX Luxventure Limited 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JX Luxventure Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
At this time, JX Luxventure's
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 5.02 in 2024, despite the fact that
Discontinued Operations is likely to grow to (25.5
M).
JX Luxventure fundamental ratios Correlations
Click cells to compare fundamentals
JX Luxventure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
JX Luxventure fundamental ratios Accounts
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Additional Tools for JXJT Stock Analysis
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measure JX Luxventure'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 JX Luxventure is operating at the current time. Most of JX Luxventure's value examination focuses on studying past and present price action to
predict the probability of JX Luxventure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JX Luxventure's price. Additionally, you may evaluate how the addition of JX Luxventure to your portfolios can decrease your overall portfolio volatility.