000429 Stock | | | 13.20 0.07 0.53% |
Guangdong Provincial financial indicator trend analysis is much more than just examining Guangdong Provincial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Provincial is a good investment. Please check the relationship between Guangdong Provincial Cost Of Revenue and its Total Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Provincial Expressway. 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.
Cost Of Revenue vs Total Operating Expenses
Cost Of Revenue vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Guangdong Provincial Cost Of Revenue account and
Total Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangdong Provincial's Cost Of Revenue and Total Operating Expenses is 0.72. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Guangdong Provincial Expressway, assuming nothing else is changed. The correlation between historical values of Guangdong Provincial's Cost Of Revenue and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Guangdong Provincial Expressway are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Cost Of Revenue i.e., Guangdong Provincial's Cost Of Revenue and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on Guangdong Provincial income statement and represents the costs associated with goods and services Guangdong Provincial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Guangdong Provincial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Provincial 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 Provincial Expressway. 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 January 21, 2025,
Selling General Administrative is expected to decline to about 28
M. In addition to that,
Tax Provision is expected to decline to about 484.3
MGuangdong Provincial fundamental ratios Correlations
Click cells to compare fundamentals
Guangdong Provincial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Guangdong Provincial 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 Guangdong Stock
Balance Sheet is a snapshot of the
financial position of Guangdong Provincial at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Provincial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Provincial 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.