| NCTY Stock | | | USD 11.10 0.04 0.36% |
The9 financial indicator trend analysis is much more than just breaking down The9 Ltd ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The9 Ltd ADR is a good investment. Please check the relationship between The9 Cash and its Total Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The9 Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
The9 Ltd ADR Cash account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between The9's Cash and Total Assets is 0.91. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of The9 Ltd ADR, assuming nothing else is changed. The correlation between historical values of The9's Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of The9 Ltd ADR are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., The9's Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of The9 Ltd ADR, which is listed under current asset account on The9 Ltd ADR balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from The9 customers. The amounts must be unrestricted with restricted cash listed in a different The9 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.
Total Assets
Total assets refers to the total amount of The9 assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in The9 Ltd ADR books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from The9's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into The9 Ltd ADR 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 The9 Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Selling General Administrative is likely to drop to about 166.1
M in 2024.
Issuance Of Capital Stock is expected to grow at the current pace this year
The9 fundamental ratios Correlations
Click cells to compare fundamentals
The9 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
The9 fundamental ratios Accounts
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Additional Tools for The9 Stock Analysis
When running The9's price analysis, check to
measure The9'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 The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to
predict the probability of The9's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.