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 Short Term Investments and its Total 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.
Short Term Investments vs Total Stockholder Equity
Short Term Investments vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinxiang Chemical Fiber Short Term Investments account and
Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xinxiang Chemical's Short Term Investments and Total Stockholder Equity is 0.47. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total 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 Short Term Investments and Total 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 Short Term Investments of Xinxiang Chemical Fiber are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Term Investments i.e., Xinxiang Chemical's Short Term Investments and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Xinxiang Chemical balance sheet. It contains any investments Xinxiang Chemical Fiber undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Xinxiang Chemical Fiber can easily liquidate in the marketplace.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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
Click cells to compare fundamentals
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.