000807 Stock | | | 13.75 0.45 3.17% |
Yunnan Aluminium financial indicator trend analysis is more than just analyzing Yunnan Aluminium current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yunnan Aluminium is a good investment. Please check the relationship between Yunnan Aluminium Net Tangible Assets and its Short Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yunnan Aluminium Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Net Tangible Assets vs Short Long Term Debt
Net Tangible Assets vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yunnan Aluminium Net Tangible Assets account and
Short Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Yunnan Aluminium's Net Tangible Assets and Short Long Term Debt is -0.32. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Yunnan Aluminium Co, assuming nothing else is changed. The correlation between historical values of Yunnan Aluminium's Net Tangible Assets 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 Net Tangible Assets of Yunnan Aluminium Co 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 Net Tangible Assets i.e., Yunnan Aluminium's Net Tangible Assets and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Most indicators from Yunnan Aluminium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yunnan Aluminium 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 Yunnan Aluminium Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 866.3
M, whereas
Selling General Administrative is forecasted to decline to about 129.7
M.
Yunnan Aluminium fundamental ratios Correlations
Click cells to compare fundamentals
Yunnan Aluminium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yunnan Aluminium fundamental ratios Accounts
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Other Information on Investing in Yunnan Stock
Balance Sheet is a snapshot of the
financial position of Yunnan Aluminium at a specified time, usually calculated after every quarter, six months, or one year. Yunnan Aluminium Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yunnan Aluminium 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 Yunnan currently owns. An asset can also be divided into two categories, current and non-current.