002416 Stock | | | 16.36 1.00 6.51% |
Shenzhen Aisidi financial indicator trend analysis is much more than just breaking down Shenzhen Aisidi prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Aisidi is a good investment. Please check the relationship between Shenzhen Aisidi Short Term Debt and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Aisidi Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Short Term Debt vs Total Current Assets
Short Term Debt vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Aisidi Short Term Debt account and
Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shenzhen Aisidi's Short Term Debt and Total Current Assets is 0.83. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shenzhen Aisidi Co, assuming nothing else is changed. The correlation between historical values of Shenzhen Aisidi's Short Term Debt and Total Current 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 Short Term Debt of Shenzhen Aisidi Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Debt i.e., Shenzhen Aisidi's Short Term Debt and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Debt
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Shenzhen Aisidi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Aisidi 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 Shenzhen Aisidi Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 1
B, whereas
Tax Provision is forecasted to decline to about 141.2
M.
Shenzhen Aisidi fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Aisidi Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Aisidi fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Aisidi at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Aisidi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Aisidi 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.