603536 Stock | | | 17.61 1.60 9.99% |
Shandong Huifa financial indicator trend analysis is much more than just breaking down Shandong Huifa Foodstuff prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Huifa Foodstuff is a good investment. Please check the relationship between Shandong Huifa Net Tangible Assets and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Huifa Foodstuff. 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 Tangible Assets vs Common Stock
Net Tangible Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shandong Huifa Foodstuff Net Tangible Assets account and
Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shandong Huifa's Net Tangible Assets and Common Stock is 0.62. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Shandong Huifa Foodstuff, assuming nothing else is changed. The correlation between historical values of Shandong Huifa's Net Tangible Assets and Common Stock 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 Tangible Assets of Shandong Huifa Foodstuff are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Tangible Assets i.e., Shandong Huifa's Net Tangible Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Common Stock
Most indicators from Shandong Huifa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Huifa Foodstuff 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 Shandong Huifa Foodstuff. 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 144.6
M. The current year's
Tax Provision is expected to grow to about 8
MShandong Huifa fundamental ratios Correlations
Click cells to compare fundamentals
Shandong Huifa Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shandong Huifa fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shandong Stock
Balance Sheet is a snapshot of the
financial position of Shandong Huifa Foodstuff at a specified time, usually calculated after every quarter, six months, or one year. Shandong Huifa Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Huifa 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 Shandong currently owns. An asset can also be divided into two categories, current and non-current.