| 002946 Stock | | | 13.01 0.01 0.08% |
New Hope financial indicator trend analysis is infinitely more than just investigating New Hope Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Hope Dairy is a good investment. Please check the relationship between New Hope Net Interest Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in New Hope Dairy. 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.
Net Interest Income vs Other Operating Expenses
Net Interest Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New Hope Dairy Net Interest Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between New Hope's Net Interest Income and Other Operating Expenses is -0.54. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of New Hope Dairy, assuming nothing else is changed. The correlation between historical values of New Hope's Net Interest Income and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of New Hope Dairy are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Net Interest Income i.e., New Hope's Net Interest Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of New Hope Dairy. It is also known as New Hope overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from New Hope's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Hope Dairy 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 New Hope Dairy. 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.
As of December 2, 2024,
Selling General Administrative is expected to decline to about 1.4
B. In addition to that,
Tax Provision is expected to decline to about 36.7
MNew Hope fundamental ratios Correlations
Click cells to compare fundamentals
New Hope Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Hope fundamental ratios Accounts
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Balance Sheet is a snapshot of the
financial position of New Hope Dairy at a specified time, usually calculated after every quarter, six months, or one year. New Hope Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Hope 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 New currently owns. An asset can also be divided into two categories, current and non-current.