603797 Stock | | | 4.30 0.16 3.86% |
Guangdong Liantai financial indicator trend analysis is much more than just examining Guangdong Liantai latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Liantai is a good investment. Please check the relationship between Guangdong Liantai Intangible Assets and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Liantai Environmental. 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.
Intangible Assets vs Property Plant Equipment
Intangible Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Liantai Intangible Assets account and
Property Plant Equipment. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Guangdong Liantai's Intangible Assets and Property Plant Equipment is -0.57. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Guangdong Liantai Environmental, assuming nothing else is changed. The correlation between historical values of Guangdong Liantai's Intangible Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Guangdong Liantai Environmental are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Intangible Assets i.e., Guangdong Liantai's Intangible Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Property Plant Equipment
Most indicators from Guangdong Liantai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Liantai 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 Guangdong Liantai Environmental. 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
Tax Provision is expected to grow to about 41.2
M, whereas
Selling General Administrative is forecasted to decline to about 14.3
M.
Guangdong Liantai fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Liantai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Liantai fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Liantai at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Liantai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Liantai 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.