| 000886 Stock | | | 6.20 0.01 0.16% |
Hainan Expressway financial indicator trend analysis is much more than just examining Hainan Expressway latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Expressway is a good investment. Please check the relationship between Hainan Expressway Change To Netincome and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Expressway 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 nation.
Change To Netincome vs Depreciation
Change To Netincome vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hainan Expressway Change To Netincome account and
Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hainan Expressway's Change To Netincome and Depreciation is 0.85. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Depreciation in the same time period over historical financial statements of Hainan Expressway Co, assuming nothing else is changed. The correlation between historical values of Hainan Expressway's Change To Netincome and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Hainan Expressway Co are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change To Netincome i.e., Hainan Expressway's Change To Netincome and Depreciation go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Change To Netincome
Depreciation
Depreciation indicates how much of Hainan Expressway value has been used up. For tax purposes Hainan Expressway can deduct the cost of the tangible assets it purchases as business expenses. However, Hainan Expressway Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Hainan Expressway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Expressway 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 Hainan Expressway 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 nation.
The current year's
Tax Provision is expected to grow to about 40.8
M, whereas
Selling General Administrative is forecasted to decline to about 19.6
M.
Hainan Expressway fundamental ratios Correlations
Click cells to compare fundamentals
Hainan Expressway Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hainan Expressway 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 Hainan Stock
Balance Sheet is a snapshot of the
financial position of Hainan Expressway at a specified time, usually calculated after every quarter, six months, or one year. Hainan Expressway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hainan Expressway 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 Hainan currently owns. An asset can also be divided into two categories, current and non-current.