| 300710 Stock | | | 20.62 0.33 1.63% |
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 Non Currrent Assets Other and its Cash 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.
Non Currrent Assets Other vs Cash
Non Currrent Assets Other vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hangzhou Prevail Opt Non Currrent Assets Other account and
Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Hangzhou Prevail's Non Currrent Assets Other and Cash is 0.45. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash 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 Non Currrent Assets Other and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Hangzhou Prevail Optoelectronic are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Currrent Assets Other i.e., Hangzhou Prevail's Non Currrent Assets Other and Cash go up and down completely randomly.
Correlation Coefficient | 0.45 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Cash
Cash refers to the most liquid asset of Hangzhou Prevail Opt, which is listed under current asset account on Hangzhou Prevail Optoelectronic balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hangzhou Prevail customers. The amounts must be unrestricted with restricted cash listed in a different Hangzhou Prevail account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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.