000933 Stock | | | 17.28 0.22 1.26% |
Henan Shenhuo financial indicator trend analysis is much more than just examining Henan Shenhuo Coal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Shenhuo Coal is a good investment. Please check the relationship between Henan Shenhuo Other Stockholder Equity and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Shenhuo Coal. 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 Stockholder Equity vs Total Current Assets
Other Stockholder Equity vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Henan Shenhuo Coal Other Stockholder Equity account and
Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Henan Shenhuo's Other Stockholder Equity and Total Current Assets is 0.54. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Henan Shenhuo Coal, assuming nothing else is changed. The correlation between historical values of Henan Shenhuo's Other Stockholder Equity and Total Current Assets 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 Stockholder Equity of Henan Shenhuo Coal are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Stockholder Equity i.e., Henan Shenhuo's Other Stockholder Equity and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Stockholder Equity
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Henan Shenhuo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Shenhuo Coal 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 Henan Shenhuo Coal. 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.
At present, Henan Shenhuo's
Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's
Discontinued Operations is expected to grow to about 511.7
M, whereas
Tax Provision is forecasted to decline to about 1.1
B.
Henan Shenhuo fundamental ratios Correlations
Click cells to compare fundamentals
Henan Shenhuo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Henan Shenhuo fundamental ratios Accounts
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Other Information on Investing in Henan Stock
Balance Sheet is a snapshot of the
financial position of Henan Shenhuo Coal at a specified time, usually calculated after every quarter, six months, or one year. Henan Shenhuo Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Henan Shenhuo 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 Henan currently owns. An asset can also be divided into two categories, current and non-current.