600104 Stock | | | 18.19 0.14 0.76% |
SAIC financial indicator trend analysis is much more than just breaking down SAIC Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SAIC Motor Corp is a good investment. Please check the relationship between SAIC Total Other Income Expense Net and its Reconciled Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in SAIC Motor Corp. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SAIC Motor Corp Total Other Income Expense Net account and
Reconciled Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SAIC's Total Other Income Expense Net and Reconciled Depreciation is -0.67. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of SAIC Motor Corp, assuming nothing else is changed. The correlation between historical values of SAIC's Total Other Income Expense Net and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of SAIC Motor Corp are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Total Other Income Expense Net i.e., SAIC's Total Other Income Expense Net and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.67 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Most indicators from SAIC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SAIC Motor Corp 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 SAIC Motor Corp. 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 36.3
B. In addition to that,
Tax Provision is expected to decline to about 5.1
BBalance Sheet is a snapshot of the
financial position of SAIC Motor Corp at a specified time, usually calculated after every quarter, six months, or one year. SAIC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SAIC 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 SAIC currently owns. An asset can also be divided into two categories, current and non-current.