000665 Stock | | | 4.86 0.03 0.61% |
Hubei Radio financial indicator trend analysis is much more than just examining Hubei Radio latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Radio is a good investment. Please check the relationship between Hubei Radio Good Will and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Radio and. 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.
Good Will vs Inventory
Good Will vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hubei Radio Good Will account and
Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hubei Radio's Good Will and Inventory is -0.37. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Inventory in the same time period over historical financial statements of Hubei Radio and, assuming nothing else is changed. The correlation between historical values of Hubei Radio's Good Will and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Hubei Radio and are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Good Will i.e., Hubei Radio's Good Will and Inventory go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Inventory
Most indicators from Hubei Radio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Radio 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 Hubei Radio and. 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 83.4
M. The current year's
Tax Provision is expected to grow to about (724
K)
Hubei Radio fundamental ratios Correlations
Click cells to compare fundamentals
Hubei Radio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hubei Radio fundamental ratios Accounts
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Other Information on Investing in Hubei Stock
Balance Sheet is a snapshot of the
financial position of Hubei Radio at a specified time, usually calculated after every quarter, six months, or one year. Hubei Radio Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hubei Radio 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 Hubei currently owns. An asset can also be divided into two categories, current and non-current.