| 002919 Stock | | | 16.77 0.11 0.65% |
Mingchen Health financial indicator trend analysis is infinitely more than just investigating Mingchen Health recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingchen Health is a good investment. Please check the relationship between Mingchen Health Cash And Short Term Investments and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Mingchen Health 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.
Cash And Short Term Investments vs Other Current Assets
Cash And Short Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mingchen Health Cash And Short Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mingchen Health's Cash And Short Term Investments and Other Current Assets is -0.09. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Mingchen Health Co, assuming nothing else is changed. The correlation between historical values of Mingchen Health's Cash And Short Term Investments and Other 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 Cash And Short Term Investments of Mingchen Health Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Mingchen Health's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.09 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Mingchen Health balance sheet. This account contains Mingchen Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mingchen Health Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Mingchen Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingchen Health 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 Mingchen Health 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.
As of December 30, 2024,
Selling General Administrative is expected to decline to about 18.6
M. The current year's
Tax Provision is expected to grow to about (13
M)
Mingchen Health fundamental ratios Correlations
Click cells to compare fundamentals
Mingchen Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mingchen Health fundamental ratios Accounts
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Other Information on Investing in Mingchen Stock
Balance Sheet is a snapshot of the
financial position of Mingchen Health at a specified time, usually calculated after every quarter, six months, or one year. Mingchen Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mingchen Health 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 Mingchen currently owns. An asset can also be divided into two categories, current and non-current.