000157 Stock | | | 6.91 0.10 1.43% |
Zoomlion Heavy financial indicator trend analysis is more than just analyzing Zoomlion Heavy Industry current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoomlion Heavy Industry is a good investment. Please check the relationship between Zoomlion Heavy Property Plant Equipment and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zoomlion Heavy Industry. 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.
Property Plant Equipment vs Non Current Liabilities Total
Property Plant Equipment vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zoomlion Heavy Industry Property Plant Equipment account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zoomlion Heavy's Property Plant Equipment and Non Current Liabilities Total is -0.46. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Zoomlion Heavy Industry, assuming nothing else is changed. The correlation between historical values of Zoomlion Heavy's Property Plant Equipment and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Zoomlion Heavy Industry are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Property Plant Equipment i.e., Zoomlion Heavy's Property Plant Equipment and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant Equipment
Non Current Liabilities Total
Most indicators from Zoomlion Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoomlion Heavy Industry 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 Zoomlion Heavy Industry. 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 563.8
M, whereas
Selling General Administrative is forecasted to decline to about 3
B.
Zoomlion Heavy fundamental ratios Correlations
Click cells to compare fundamentals
Zoomlion Heavy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoomlion Heavy fundamental ratios Accounts
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Other Information on Investing in Zoomlion Stock
Balance Sheet is a snapshot of the
financial position of Zoomlion Heavy Industry at a specified time, usually calculated after every quarter, six months, or one year. Zoomlion Heavy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zoomlion Heavy 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 Zoomlion currently owns. An asset can also be divided into two categories, current and non-current.