| 601188 Stock | | | 3.88 0.05 1.31% |
Heilongjiang Transport financial indicator trend analysis is much more than just examining Heilongjiang Transport latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heilongjiang Transport is a good investment. Please check the relationship between Heilongjiang Transport Cash and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Heilongjiang Transport Development. 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.
Cash vs Long Term Investments
Cash vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Heilongjiang Transport Cash account and
Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Heilongjiang Transport's Cash and Long Term Investments is 0.63. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Heilongjiang Transport Development, assuming nothing else is changed. The correlation between historical values of Heilongjiang Transport's Cash and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Heilongjiang Transport Development are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Cash i.e., Heilongjiang Transport's Cash and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.63 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Heilongjiang Transport, which is listed under current asset account on Heilongjiang Transport Development balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Heilongjiang Transport customers. The amounts must be unrestricted with restricted cash listed in a different Heilongjiang Transport 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.
Long Term Investments
Long Term Investments is an item on the asset side of Heilongjiang Transport balance sheet that represents investments Heilongjiang Transport intends to hold for over a year. Heilongjiang Transport Development long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Heilongjiang Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heilongjiang Transport 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 Heilongjiang Transport Development. 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 37
M. The current year's
Tax Provision is expected to grow to about 49.3
MHeilongjiang Transport fundamental ratios Correlations
Click cells to compare fundamentals
Heilongjiang Transport Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Heilongjiang Transport fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Heilongjiang Stock
Balance Sheet is a snapshot of the
financial position of Heilongjiang Transport at a specified time, usually calculated after every quarter, six months, or one year. Heilongjiang Transport Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Heilongjiang Transport 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 Heilongjiang currently owns. An asset can also be divided into two categories, current and non-current.