002597 Stock | | | 23.51 0.33 1.42% |
Anhui Jinhe financial indicator trend analysis is way more than just evaluating Anhui Jinhe Industrial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Jinhe Industrial is a good investment. Please check the relationship between Anhui Jinhe Other Stockholder Equity and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Jinhe Industrial. 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.
Other Stockholder Equity vs Non Current Assets Total
Other Stockholder Equity vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Anhui Jinhe Industrial Other Stockholder Equity account and
Non Current Assets Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Anhui Jinhe's Other Stockholder Equity and Non Current Assets Total is -0.63. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Anhui Jinhe Industrial, assuming nothing else is changed. The correlation between historical values of Anhui Jinhe's Other Stockholder Equity and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Anhui Jinhe Industrial are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Stockholder Equity i.e., Anhui Jinhe's Other Stockholder Equity and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.63 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Anhui Jinhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Jinhe Industrial 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 Anhui Jinhe Industrial. 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 171.7
M. The current year's
Tax Provision is expected to grow to about 159
MAnhui Jinhe fundamental ratios Correlations
Click cells to compare fundamentals
Anhui Jinhe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anhui Jinhe fundamental ratios Accounts
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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 Anhui Stock
Balance Sheet is a snapshot of the
financial position of Anhui Jinhe Industrial at a specified time, usually calculated after every quarter, six months, or one year. Anhui Jinhe Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anhui Jinhe 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 Anhui currently owns. An asset can also be divided into two categories, current and non-current.