OCFT Stock | | | USD 2.56 0.05 1.92% |
Oneconnect Financial financial indicator trend analysis is much more than just breaking down Oneconnect Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oneconnect Financial is a good investment. Please check the relationship between Oneconnect Financial Cash And Short Term Investments and its Net Receivables accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneconnect Financial Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Cash And Short Term Investments vs Net Receivables
Cash And Short Term Investments vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oneconnect Financial Cash And Short Term Investments account and
Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Oneconnect Financial's Cash And Short Term Investments and Net Receivables is 0.85. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Oneconnect Financial Technology, assuming nothing else is changed. The correlation between historical values of Oneconnect Financial's Cash And Short Term Investments and Net Receivables 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 And Short Term Investments of Oneconnect Financial Technology are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Short Term Investments i.e., Oneconnect Financial's Cash And Short Term Investments and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Oneconnect Financial balance sheet. This account contains Oneconnect Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Oneconnect Financial Technology fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Net Receivables
Most indicators from Oneconnect Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oneconnect Financial 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneconnect Financial Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Selling General Administrative is likely to gain to about 715.8
M in 2024, whereas
Tax Provision is likely to drop (7.1
M) in 2024.
Oneconnect Financial fundamental ratios Correlations
Click cells to compare fundamentals
Oneconnect Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oneconnect Financial fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Oneconnect Stock Analysis
When running Oneconnect Financial's price analysis, check to
measure Oneconnect Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oneconnect Financial is operating at the current time. Most of Oneconnect Financial's value examination focuses on studying past and present price action to
predict the probability of Oneconnect Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oneconnect Financial's price. Additionally, you may evaluate how the addition of Oneconnect Financial to your portfolios can decrease your overall portfolio volatility.