000423 Stock | | | 59.40 0.39 0.66% |
Shan Dong financial indicator trend analysis is much more than just breaking down Shan Dong Dong prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shan Dong Dong is a good investment. Please check the relationship between Shan Dong Interest Income and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shan Dong Dong E. 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.
Interest Income vs Gross Profit
Interest Income vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shan Dong Dong Interest Income account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shan Dong's Interest Income and Gross Profit is -0.33. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Shan Dong Dong E, assuming nothing else is changed. The correlation between historical values of Shan Dong's Interest Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Shan Dong Dong E are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Interest Income i.e., Shan Dong's Interest Income and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Shan Dong Dong E minus its cost of goods sold. It is profit before Shan Dong operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Shan Dong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shan Dong Dong 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 Shan Dong Dong E. 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.
As of December 18, 2024,
Selling General Administrative is expected to decline to about 999.5
M. In addition to that,
Tax Provision is expected to decline to about 160.3
M | 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.4B | 2.8B | 3.3B | 2.6B | Research Development | 147.7M | 137.7M | 173.2M | 144.4M |
Shan Dong fundamental ratios Correlations
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Shan Dong Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shan Dong 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 Shan Stock
Balance Sheet is a snapshot of the
financial position of Shan Dong Dong at a specified time, usually calculated after every quarter, six months, or one year. Shan Dong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shan Dong 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 Shan currently owns. An asset can also be divided into two categories, current and non-current.