| 000820 Stock | | | 3.75 0.06 1.57% |
Shenwu Energy financial indicator trend analysis is much more than just breaking down Shenwu Energy Saving prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenwu Energy Saving is a good investment. Please check the relationship between Shenwu Energy Other Current Assets and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenwu Energy Saving. 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.
Other Current Assets vs Property Plant And Equipment Net
Other Current Assets vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenwu Energy Saving Other Current Assets account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Shenwu Energy's Other Current Assets and Property Plant And Equipment Net is -0.28. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Shenwu Energy Saving, assuming nothing else is changed. The correlation between historical values of Shenwu Energy's Other Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Shenwu Energy Saving are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Current Assets i.e., Shenwu Energy's Other Current Assets and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.28 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Shenwu Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenwu Energy Saving 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 Shenwu Energy Saving. 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 4, 2024,
Selling General Administrative is expected to decline to about 9.3
M. In addition to that,
Tax Provision is expected to decline to about 1.7
MShenwu Energy fundamental ratios Correlations
Click cells to compare fundamentals
Shenwu Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenwu Energy fundamental ratios Accounts
Also Currently Popular
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 Shenwu Stock
Balance Sheet is a snapshot of the
financial position of Shenwu Energy Saving at a specified time, usually calculated after every quarter, six months, or one year. Shenwu Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenwu Energy 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 Shenwu currently owns. An asset can also be divided into two categories, current and non-current.