LUMAXTECH | | | 501.90 0.50 0.1% |
Lumax Auto financial indicator trend analysis is infinitely more than just investigating Lumax Auto Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lumax Auto Technologies is a good investment. Please check the relationship between Lumax Auto Other Stockholder Equity and its Total Current Liabilities accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumax Auto Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
Other Stockholder Equity vs Total Current Liabilities
Other Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lumax Auto Technologies Other Stockholder Equity account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Lumax Auto's Other Stockholder Equity and Total Current Liabilities is -0.12. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Lumax Auto Technologies, assuming nothing else is changed. The correlation between historical values of Lumax Auto's Other Stockholder Equity and Total Current Liabilities 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 Stockholder Equity of Lumax Auto Technologies are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Lumax Auto's Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Total Current Liabilities
Total Current Liabilities is an item on Lumax Auto balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Lumax Auto Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Lumax Auto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lumax Auto Technologies 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumax Auto Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in interest.
The current year's
Selling General Administrative is expected to grow to about 3.9
B. The current year's
Tax Provision is expected to grow to about 627.5
MLumax Auto fundamental ratios Correlations
Click cells to compare fundamentals
Lumax Auto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lumax Auto fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Lumax Stock
Balance Sheet is a snapshot of the
financial position of Lumax Auto Technologies at a specified time, usually calculated after every quarter, six months, or one year. Lumax Auto Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lumax Auto 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 Lumax currently owns. An asset can also be divided into two categories, current and non-current.