002146 Stock | | | 1.79 0.01 0.56% |
Risesun Real financial indicator trend analysis is much more than just breaking down Risesun Real Estate prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Risesun Real Estate is a good investment. Please check the relationship between Risesun Real Inventory and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Risesun Real Estate. 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.
Inventory vs Cash
Inventory vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Risesun Real Estate Inventory account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Risesun Real's Inventory and Cash is 0.73. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Risesun Real Estate, assuming nothing else is changed. The correlation between historical values of Risesun Real's Inventory and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Risesun Real Estate are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Risesun Real's Inventory and Cash go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Inventory
Cash
Cash refers to the most liquid asset of Risesun Real Estate, which is listed under current asset account on Risesun Real Estate balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Risesun Real customers. The amounts must be unrestricted with restricted cash listed in a different Risesun Real account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Risesun Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Risesun Real Estate 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 Risesun Real Estate. 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
Tax Provision is expected to grow to about 1.5
B, whereas
Selling General Administrative is forecasted to decline to about 539
M.
Risesun Real fundamental ratios Correlations
Click cells to compare fundamentals
Risesun Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Risesun Real 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 Risesun Stock
Balance Sheet is a snapshot of the
financial position of Risesun Real Estate at a specified time, usually calculated after every quarter, six months, or one year. Risesun Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Risesun Real 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 Risesun currently owns. An asset can also be divided into two categories, current and non-current.