| 300314 Stock | | | 12.30 0.11 0.89% |
Ningbo David financial indicator trend analysis is infinitely more than just investigating Ningbo David Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo David Medical is a good investment. Please check the relationship between Ningbo David Gross Profit and its Net Interest Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo David Medical. 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.
Gross Profit vs Net Interest Income
Gross Profit vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ningbo David Medical Gross Profit account and
Net Interest Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ningbo David's Gross Profit and Net Interest Income is 0.7. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Ningbo David Medical, assuming nothing else is changed. The correlation between historical values of Ningbo David's Gross Profit and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Ningbo David Medical are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Gross Profit i.e., Ningbo David's Gross Profit and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ningbo David Medical minus its cost of goods sold. It is profit before Ningbo David operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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.
Most indicators from Ningbo David's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo David Medical 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 Ningbo David Medical. 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 23, 2024,
Selling General Administrative is expected to decline to about 76.2
M. In addition to that,
Tax Provision is expected to decline to about 12.8
MNingbo David fundamental ratios Correlations
Click cells to compare fundamentals
Ningbo David Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ningbo David fundamental ratios Accounts
Also Currently Popular
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 Ningbo Stock
Balance Sheet is a snapshot of the
financial position of Ningbo David Medical at a specified time, usually calculated after every quarter, six months, or one year. Ningbo David Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo David 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 Ningbo currently owns. An asset can also be divided into two categories, current and non-current.