The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Minco Capital Corp Net Receivables account and
Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Minco Capital's Net Receivables and Selling General Administrative is 0.92. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Minco Capital Corp, assuming nothing else is changed. The correlation between historical values of Minco Capital's Net Receivables and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Minco Capital Corp are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Receivables i.e., Minco Capital's Net Receivables and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Most indicators from Minco Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minco Capital Corp 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 Minco Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 249.9
K in 2024
When running Minco Capital's price analysis, check to
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