| 603221 Stock | | | 10.23 0.12 1.16% |
Zhangjiagang Elegant financial indicator trend analysis is more than just analyzing Zhangjiagang Elegant Home current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhangjiagang Elegant Home is a good investment. Please check the relationship between Zhangjiagang Elegant Ebitda and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhangjiagang Elegant Home. 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.
Ebitda vs Minority Interest
Ebitda vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhangjiagang Elegant Home Ebitda account and
Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Zhangjiagang Elegant's Ebitda and Minority Interest is -0.63. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Zhangjiagang Elegant Home, assuming nothing else is changed. The correlation between historical values of Zhangjiagang Elegant's Ebitda and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Zhangjiagang Elegant Home are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebitda i.e., Zhangjiagang Elegant's Ebitda and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.63 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Ebitda
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Zhangjiagang Elegant Home whose combined shares represent less than 50% of the total outstanding shares issued by Zhangjiagang Elegant have a minority interest in Zhangjiagang Elegant.
Most indicators from Zhangjiagang Elegant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhangjiagang Elegant Home 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 Zhangjiagang Elegant Home. 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.
As of December 19, 2024,
Tax Provision is expected to decline to about 3.6
M. In addition to that,
Selling General Administrative is expected to decline to about 37.2
MZhangjiagang Elegant fundamental ratios Correlations
Click cells to compare fundamentals
Zhangjiagang Elegant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhangjiagang Elegant fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Zhangjiagang Stock
Balance Sheet is a snapshot of the
financial position of Zhangjiagang Elegant Home at a specified time, usually calculated after every quarter, six months, or one year. Zhangjiagang Elegant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhangjiagang Elegant 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 Zhangjiagang currently owns. An asset can also be divided into two categories, current and non-current.