000572 Stock | | | 4.50 0.06 1.35% |
Haima Automobile financial indicator trend analysis is much more than just examining Haima Automobile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Haima Automobile is a good investment. Please check the relationship between Haima Automobile Other Current Assets and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Haima Automobile Group. 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.
Other Current Assets vs Total Assets
Other Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Haima Automobile Other Current Assets account and
Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Haima Automobile's Other Current Assets and Total Assets is 0.48. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Haima Automobile Group, assuming nothing else is changed. The correlation between historical values of Haima Automobile's Other Current Assets 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 Other Current Assets of Haima Automobile Group 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 Other Current Assets i.e., Haima Automobile's Other Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Total Assets
Total assets refers to the total amount of Haima Automobile 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 Haima Automobile 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 Haima Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Haima Automobile 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 Haima Automobile Group. 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 1, 2024,
Selling General Administrative is expected to decline to about 112.2
M. In addition to that,
Tax Provision is expected to decline to about 5.5
MHaima Automobile fundamental ratios Correlations
Click cells to compare fundamentals
Haima Automobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Haima Automobile 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 Haima Stock
Balance Sheet is a snapshot of the
financial position of Haima Automobile at a specified time, usually calculated after every quarter, six months, or one year. Haima Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Haima Automobile 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 Haima currently owns. An asset can also be divided into two categories, current and non-current.