Zhibao Short Long Term Debt Total vs Capital Lease Obligations Analysis
| ZBAO Stock | 2.68 0.32 10.67% |
Zhibao Technology financial indicator trend analysis is more than just analyzing Zhibao Technology Class current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhibao Technology Class is a good investment. Please check the relationship between Zhibao Technology Short Long Term Debt Total and its Capital Lease Obligations accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zhibao Technology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Short Long Term Debt Total vs Capital Lease Obligations
Short Long Term Debt Total vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhibao Technology Class Short Long Term Debt Total account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zhibao Technology's Short Long Term Debt Total and Capital Lease Obligations is 0.95. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Zhibao Technology Class, assuming nothing else is changed. The correlation between historical values of Zhibao Technology's Short Long Term Debt Total and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Zhibao Technology Class are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Short Long Term Debt Total i.e., Zhibao Technology's Short Long Term Debt Total and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Short Long Term Debt Total
Capital Lease Obligations
Zhibao Technology Class capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Zhibao Technology asset purchases. For example, Zhibao Technology can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Zhibao Technology control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Zhibao Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhibao Technology Class 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 Zhibao Technology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Zhibao Technology's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Selling General Administrative is likely to grow to about 85.7 M, while Sales General And Administrative To Revenue is likely to drop 2.95.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.2M | 912.4K | 821.2K | 833.4K | Depreciation And Amortization | 3.4M | 3.3M | 3.0M | 2.7M |
Zhibao Technology fundamental ratios Correlations
Click cells to compare fundamentals
Zhibao Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Zhibao Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zhibao Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zhibao Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Zhibao Stock
| 0.69 | TWFG | TWFG, Class A Downward Rally | PairCorr |
| 0.63 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.62 | L | Loews Corp Sell-off Trend | PairCorr |
| 0.61 | AON | Aon PLC | PairCorr |
| 0.58 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Zhibao Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhibao Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zhibao Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zhibao Technology Class to buy it.
The correlation of Zhibao Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zhibao Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhibao Technology Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zhibao Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zhibao Technology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Insurance Brokers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zhibao Technology. If investors know Zhibao will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zhibao Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Revenue Per Share 12.565 | Quarterly Revenue Growth (0.08) | Return On Assets (0.13) | Return On Equity (2.75) |
The market value of Zhibao Technology Class is measured differently than its book value, which is the value of Zhibao that is recorded on the company's balance sheet. Investors also form their own opinion of Zhibao Technology's value that differs from its market value or its book value, called intrinsic value, which is Zhibao Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zhibao Technology's market value can be influenced by many factors that don't directly affect Zhibao Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zhibao Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhibao Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhibao Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.