| 000698 Stock | | | 3.85 0.03 0.77% |
Shenyang Chemical financial indicator trend analysis is much more than just breaking down Shenyang Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenyang Chemical is a good investment. Please check the relationship between Shenyang Chemical Net Income From Continuing Ops and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenyang Chemical Industry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
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Net Income From Continuing Ops vs Other Operating Expenses
Net Income From Continuing Ops vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenyang Chemical Net Income From Continuing Ops account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shenyang Chemical's Net Income From Continuing Ops and Other Operating Expenses is -0.62. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Shenyang Chemical Industry, assuming nothing else is changed. The correlation between historical values of Shenyang Chemical's Net Income From Continuing Ops and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Shenyang Chemical Industry are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Income From Continuing Ops i.e., Shenyang Chemical's Net Income From Continuing Ops and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Income From Continuing Ops
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shenyang Chemical. It is also known as Shenyang Chemical overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Shenyang Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenyang Chemical 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 Shenyang Chemical Industry. 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 191.9
M, whereas
Tax Provision is forecasted to decline to about 15.4
M.
Shenyang Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Shenyang Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenyang Chemical fundamental ratios Accounts
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Other Information on Investing in Shenyang Stock
Balance Sheet is a snapshot of the
financial position of Shenyang Chemical at a specified time, usually calculated after every quarter, six months, or one year. Shenyang Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenyang Chemical 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 Shenyang currently owns. An asset can also be divided into two categories, current and non-current.