| 603011 Stock | | | 7.79 0.09 1.17% |
Hefei Metalforming financial indicator trend analysis is much more than just examining Hefei Metalforming Mach latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hefei Metalforming Mach is a good investment. Please check the relationship between Hefei Metalforming Net Interest Income and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hefei Metalforming Mach. 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 Interest Income vs Other Operating Expenses
Net Interest Income vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hefei Metalforming Mach Net Interest Income account and
Other Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Hefei Metalforming's Net Interest Income and Other Operating Expenses is -0.55. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Hefei Metalforming Mach, assuming nothing else is changed. The correlation between historical values of Hefei Metalforming's Net Interest 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 Interest Income of Hefei Metalforming Mach 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 Interest Income i.e., Hefei Metalforming's Net Interest Income and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hefei Metalforming Mach. It is also known as Hefei Metalforming 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 Hefei Metalforming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hefei Metalforming Mach 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 Hefei Metalforming Mach. 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
Tax Provision is expected to grow to about 50
M, whereas
Selling General Administrative is forecasted to decline to about 133.7
M.
Hefei Metalforming fundamental ratios Correlations
Click cells to compare fundamentals
Hefei Metalforming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hefei Metalforming fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hefei Stock
Balance Sheet is a snapshot of the
financial position of Hefei Metalforming Mach at a specified time, usually calculated after every quarter, six months, or one year. Hefei Metalforming Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hefei Metalforming 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 Hefei currently owns. An asset can also be divided into two categories, current and non-current.