| 300881 Stock | | | 31.57 0.55 1.77% |
Shengtak New financial indicator trend analysis is much more than just breaking down Shengtak New Material prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shengtak New Material is a good investment. Please check the relationship between Shengtak New Net Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shengtak New Material. 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 Income vs Other Operating Expenses
Net Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shengtak New Material Net Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shengtak New's Net Income and Other Operating Expenses is -0.43. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Shengtak New Material, assuming nothing else is changed. The correlation between historical values of Shengtak New's Net 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 Income of Shengtak New Material 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 Income i.e., Shengtak New's Net Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shengtak New Material financial statement analysis. It represents the amount of money remaining after all of Shengtak New Material operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shengtak New Material. It is also known as Shengtak New 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 Shengtak New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shengtak New Material 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 Shengtak New Material. 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.
The current year's
Selling General Administrative is expected to grow to about 52.7
M, whereas
Tax Provision is forecasted to decline to about 8.6
M.
Shengtak New fundamental ratios Correlations
Click cells to compare fundamentals
Shengtak New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shengtak New 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 Shengtak Stock
Balance Sheet is a snapshot of the
financial position of Shengtak New Material at a specified time, usually calculated after every quarter, six months, or one year. Shengtak New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shengtak New 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 Shengtak currently owns. An asset can also be divided into two categories, current and non-current.