| 002786 Stock | | | 9.74 0.43 4.23% |
Shenzhen Silver financial indicator trend analysis is much more than just breaking down Shenzhen Silver Basis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Silver Basis is a good investment. Please check the relationship between Shenzhen Silver Retained Earnings and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Silver Basis. 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.
Retained Earnings vs Total Current Liabilities
Retained Earnings vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Silver Basis Retained Earnings account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shenzhen Silver's Retained Earnings and Total Current Liabilities is -0.53. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Shenzhen Silver Basis, assuming nothing else is changed. The correlation between historical values of Shenzhen Silver's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Shenzhen Silver Basis are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Shenzhen Silver's Retained Earnings and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Total Current Liabilities
Total Current Liabilities is an item on Shenzhen Silver balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shenzhen Silver Basis are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Shenzhen Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Silver Basis 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 Silver Basis. 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 134.1
M. The current year's
Tax Provision is expected to grow to about 4.8
MShenzhen Silver fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Silver 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 Silver Basis at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Silver Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Silver 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.