| 300710 Stock | | | 20.29 0.08 0.39% |
Hangzhou Prevail financial indicator trend analysis is much more than just examining Hangzhou Prevail Opt latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hangzhou Prevail Opt is a good investment. Please check the relationship between Hangzhou Prevail Net Income From Continuing Ops and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hangzhou Prevail Optoelectronic. 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.
Net Income From Continuing Ops vs Minority Interest
Net Income From Continuing Ops vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hangzhou Prevail Opt Net Income From Continuing Ops account and
Minority Interest. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hangzhou Prevail's Net Income From Continuing Ops and Minority Interest is 0.27. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Hangzhou Prevail Optoelectronic, assuming nothing else is changed. The correlation between historical values of Hangzhou Prevail's Net Income From Continuing Ops and Minority Interest 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 Income From Continuing Ops of Hangzhou Prevail Optoelectronic are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Net Income From Continuing Ops i.e., Hangzhou Prevail's Net Income From Continuing Ops and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Income From Continuing Ops
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Hangzhou Prevail Optoelectronic whose combined shares represent less than 50% of the total outstanding shares issued by Hangzhou Prevail have a minority interest in Hangzhou Prevail.
Most indicators from Hangzhou Prevail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hangzhou Prevail Opt 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 Hangzhou Prevail Optoelectronic. 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 34.8
M, whereas
Tax Provision is forecasted to decline to about 6.7
M.
Hangzhou Prevail fundamental ratios Correlations
Click cells to compare fundamentals
Hangzhou Prevail Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hangzhou Prevail fundamental ratios Accounts
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Other Information on Investing in Hangzhou Stock
Balance Sheet is a snapshot of the
financial position of Hangzhou Prevail Opt at a specified time, usually calculated after every quarter, six months, or one year. Hangzhou Prevail Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hangzhou Prevail 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 Hangzhou currently owns. An asset can also be divided into two categories, current and non-current.