| WAFU Stock | | | USD 1.60 0.05 3.03% |
Wah Fu financial indicator trend analysis is more than just analyzing Wah Fu Education current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wah Fu Education is a good investment. Please check the relationship between Wah Fu Minority Interest and its Income Tax Expense accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wah Fu 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 census.
Minority Interest vs Income Tax Expense
Minority Interest vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wah Fu Education Minority Interest account and
Income Tax Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Wah Fu's Minority Interest and Income Tax Expense is -0.54. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Wah Fu Education, assuming nothing else is changed. The correlation between historical values of Wah Fu's Minority Interest and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Wah Fu Education are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Minority Interest i.e., Wah Fu's Minority Interest and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Wah Fu Education whose combined shares represent less than 50% of the total outstanding shares issued by Wah Fu have a minority interest in Wah Fu.
Income Tax Expense
Most indicators from Wah Fu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wah Fu 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wah Fu 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 census.
At this time, Wah Fu's
Tax Provision is comparatively stable compared to the past year.
Selling General Administrative is likely to gain to about 2.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.23 in 2024.
Wah Fu fundamental ratios Correlations
Click cells to compare fundamentals
Wah Fu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wah Fu fundamental ratios Accounts
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