000061 Stock | | | 7.95 0.18 2.32% |
Shenzhen Agricultural financial indicator trend analysis is much more than just breaking down Shenzhen Agricultural prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Agricultural is a good investment. Please check the relationship between Shenzhen Agricultural Cash and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Agricultural Products. 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.
Cash vs Non Current Liabilities Total
Cash vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Agricultural Cash account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen Agricultural's Cash and Non Current Liabilities Total is 0.38. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Shenzhen Agricultural Products, assuming nothing else is changed. The correlation between historical values of Shenzhen Agricultural's Cash and Non Current Liabilities Total 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 Shenzhen Agricultural Products are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash i.e., Shenzhen Agricultural's Cash and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Shenzhen Agricultural, which is listed under current asset account on Shenzhen Agricultural Products balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shenzhen Agricultural customers. The amounts must be unrestricted with restricted cash listed in a different Shenzhen Agricultural 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.
Non Current Liabilities Total
Most indicators from Shenzhen Agricultural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Agricultural 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Agricultural Products. 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.
As of December 13, 2024,
Selling General Administrative is expected to decline to about 310.9
M. In addition to that,
Tax Provision is expected to decline to about 202.9
MShenzhen Agricultural fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Agricultural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Agricultural 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 Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Agricultural at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Agricultural Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Agricultural 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.