000568 Stock | | | 137.10 1.08 0.78% |
Luzhou Lao financial indicator trend analysis is infinitely more than just investigating Luzhou Lao Jiao recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Luzhou Lao Jiao is a good investment. Please check the relationship between Luzhou Lao Gross Profit and its Total Other Income Expense Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Luzhou Lao Jiao. 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.
Gross Profit vs Total Other Income Expense Net
Gross Profit vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Luzhou Lao Jiao Gross Profit account and
Total Other Income Expense Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Luzhou Lao's Gross Profit and Total Other Income Expense Net is -0.63. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Luzhou Lao Jiao, assuming nothing else is changed. The correlation between historical values of Luzhou Lao's Gross Profit and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Luzhou Lao Jiao are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Gross Profit i.e., Luzhou Lao's Gross Profit and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Luzhou Lao Jiao minus its cost of goods sold. It is profit before Luzhou Lao operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Total Other Income Expense Net
Most indicators from Luzhou Lao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Luzhou Lao Jiao 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 Luzhou Lao Jiao. 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.
The current year's
Selling General Administrative is expected to grow to about 4.8
B, whereas
Tax Provision is forecasted to decline to about 2.3
B.
Luzhou Lao fundamental ratios Correlations
Click cells to compare fundamentals
Luzhou Lao Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Luzhou Lao fundamental ratios Accounts
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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 Luzhou Stock
Balance Sheet is a snapshot of the
financial position of Luzhou Lao Jiao at a specified time, usually calculated after every quarter, six months, or one year. Luzhou Lao Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Luzhou Lao 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 Luzhou currently owns. An asset can also be divided into two categories, current and non-current.