000949 Stock | | | 4.54 0.15 3.20% |
Xinxiang Chemical financial indicator trend analysis is more than just analyzing Xinxiang Chemical Fiber current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinxiang Chemical Fiber is a good investment. Please check the relationship between Xinxiang Chemical Cash And Short Term Investments and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinxiang Chemical Fiber. 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.
Cash And Short Term Investments vs Other Stockholder Equity
Cash And Short Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinxiang Chemical Fiber Cash And Short Term Investments account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xinxiang Chemical's Cash And Short Term Investments and Other Stockholder Equity is 0.81. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Xinxiang Chemical Fiber, assuming nothing else is changed. The correlation between historical values of Xinxiang Chemical's Cash And Short Term Investments and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Xinxiang Chemical Fiber are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash And Short Term Investments i.e., Xinxiang Chemical's Cash And Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Xinxiang Chemical Fiber balance sheet. This account contains Xinxiang Chemical investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Xinxiang Chemical Fiber fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Other Stockholder Equity
Most indicators from Xinxiang Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinxiang Chemical Fiber 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 Xinxiang Chemical Fiber. 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
Selling General Administrative is expected to grow to about 144.4
M. The current year's
Tax Provision is expected to grow to about 59.1
MXinxiang Chemical fundamental ratios Correlations
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Xinxiang Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xinxiang Chemical fundamental ratios Accounts
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Other Information on Investing in Xinxiang Stock
Balance Sheet is a snapshot of the
financial position of Xinxiang Chemical Fiber at a specified time, usually calculated after every quarter, six months, or one year. Xinxiang Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinxiang Chemical 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 Xinxiang currently owns. An asset can also be divided into two categories, current and non-current.