000069 Stock | | | 2.92 0.01 0.34% |
Shenzhen Overseas financial indicator trend analysis is much more than just breaking down Shenzhen Overseas Chinese prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Overseas Chinese is a good investment. Please check the relationship between Shenzhen Overseas Total Current Liabilities and its Short Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Overseas Chinese. 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.
Total Current Liabilities vs Short Long Term Debt
Total Current Liabilities vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Overseas Chinese Total Current Liabilities account and
Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenzhen Overseas' Total Current Liabilities and Short Long Term Debt is 0.66. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Shenzhen Overseas Chinese, assuming nothing else is changed. The correlation between historical values of Shenzhen Overseas' Total Current Liabilities and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Shenzhen Overseas Chinese are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Total Current Liabilities i.e., Shenzhen Overseas' Total Current Liabilities and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Shenzhen Overseas balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shenzhen Overseas Chinese are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Most indicators from Shenzhen Overseas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Overseas Chinese 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 Shenzhen Overseas Chinese. 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 3
B, whereas
Selling General Administrative is forecasted to decline to about 2
B.
Shenzhen Overseas fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Overseas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Overseas fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Overseas Chinese at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Overseas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Overseas 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.