Cofco Biochemical financial indicator trend analysis is way more than just evaluating Cofco Biochemical Anhui prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cofco Biochemical Anhui is a good investment. Please check the relationship between Cofco Biochemical Net Income From Continuing Ops and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cofco Biochemical Anhui. 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.
Net Income From Continuing Ops vs Net Income
Net Income From Continuing Ops vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cofco Biochemical Anhui Net Income From Continuing Ops account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cofco Biochemical's Net Income From Continuing Ops and Net Income is 0.64. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Net Income in the same time period over historical financial statements of Cofco Biochemical Anhui, assuming nothing else is changed. The correlation between historical values of Cofco Biochemical's Net Income From Continuing Ops and Net Income 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 Income From Continuing Ops of Cofco Biochemical Anhui are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Income From Continuing Ops i.e., Cofco Biochemical's Net Income From Continuing Ops and Net Income go up and down completely randomly.
Net income is one of the most important fundamental items in finance. It plays a large role in Cofco Biochemical Anhui financial statement analysis. It represents the amount of money remaining after all of Cofco Biochemical Anhui operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Cofco Biochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cofco Biochemical Anhui 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 Cofco Biochemical Anhui. 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.
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.
Balance Sheet is a snapshot of the financial position of Cofco Biochemical Anhui at a specified time, usually calculated after every quarter, six months, or one year. Cofco Biochemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cofco Biochemical 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 Cofco currently owns. An asset can also be divided into two categories, current and non-current.