002813 Stock | | | 25.96 0.39 1.53% |
Shenzhen RoadRover financial indicator trend analysis is much more than just breaking down Shenzhen RoadRover prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen RoadRover is a good investment. Please check the relationship between Shenzhen RoadRover Non Current Assets Total and its Deferred Long Term Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen RoadRover Technology. 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.
Non Current Assets Total vs Deferred Long Term Liab
Non Current Assets Total vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen RoadRover Non Current Assets Total account and
Deferred Long Term Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shenzhen RoadRover's Non Current Assets Total and Deferred Long Term Liab is 0.23. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Shenzhen RoadRover Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen RoadRover's Non Current Assets Total and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Shenzhen RoadRover Technology are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Non Current Assets Total i.e., Shenzhen RoadRover's Non Current Assets Total and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Shenzhen RoadRover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen RoadRover 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 RoadRover Technology. 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
Tax Provision is expected to grow to about 14.9
M, whereas
Selling General Administrative is forecasted to decline to about 30.4
M.
Shenzhen RoadRover fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen RoadRover Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen RoadRover 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 Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen RoadRover at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen RoadRover Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen RoadRover 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.