300301 Stock | | | 1.78 0.05 2.73% |
Shenzhen Changfang financial indicator trend analysis is much more than just breaking down Shenzhen Changfang Light prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Changfang Light is a good investment. Please check the relationship between Shenzhen Changfang Intangible Assets and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Changfang Light. 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.
Intangible Assets vs Retained Earnings
Intangible Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Changfang Light Intangible Assets account and
Retained Earnings. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shenzhen Changfang's Intangible Assets and Retained Earnings is 0.23. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Shenzhen Changfang Light, assuming nothing else is changed. The correlation between historical values of Shenzhen Changfang's Intangible Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Shenzhen Changfang Light are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Intangible Assets i.e., Shenzhen Changfang's Intangible Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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.
Most indicators from Shenzhen Changfang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Changfang Light 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 Changfang Light. 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
Selling General Administrative is expected to grow to about 84.8
M, whereas
Tax Provision is forecasted to decline to about 2.7
M.
Shenzhen Changfang fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Changfang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Changfang 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 Changfang Light at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Changfang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Changfang 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.