000928 Stock | | | 6.91 0.21 2.95% |
Sinosteel Engineering financial indicator trend analysis is much more than just breaking down Sinosteel Engineering and prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinosteel Engineering and is a good investment. Please check the relationship between Sinosteel Engineering Net Income and its Change To Netincome accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinosteel Engineering 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.
Net Income vs Change To Netincome
Net Income vs Change To Netincome Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinosteel Engineering and Net Income account and
Change To Netincome. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sinosteel Engineering's Net Income and Change To Netincome is -0.48. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Sinosteel Engineering and, assuming nothing else is changed. The correlation between historical values of Sinosteel Engineering's Net Income and Change To Netincome 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 of Sinosteel Engineering and are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Income i.e., Sinosteel Engineering's Net Income and Change To Netincome go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sinosteel Engineering and financial statement analysis. It represents the amount of money remaining after all of Sinosteel Engineering and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Change To Netincome
Most indicators from Sinosteel Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinosteel Engineering and 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 Sinosteel Engineering 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 4, 2024,
Selling General Administrative is expected to decline to about 234.2
M. In addition to that,
Tax Provision is expected to decline to about 179.5
MSinosteel Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Sinosteel Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinosteel Engineering fundamental ratios Accounts
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Other Information on Investing in Sinosteel Stock
Balance Sheet is a snapshot of the
financial position of Sinosteel Engineering and at a specified time, usually calculated after every quarter, six months, or one year. Sinosteel Engineering Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinosteel Engineering 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 Sinosteel currently owns. An asset can also be divided into two categories, current and non-current.