000997 Stock | | | 20.03 0.29 1.43% |
Fujian Newland financial indicator trend analysis is much more than just examining Fujian Newland Computer latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fujian Newland Computer is a good investment. Please check the relationship between Fujian Newland Retained Earnings and its Good Will accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Fujian Newland Computer. 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.
Retained Earnings vs Good Will
Retained Earnings vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fujian Newland Computer Retained Earnings account and
Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fujian Newland's Retained Earnings and Good Will is 0.92. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Good Will in the same time period over historical financial statements of Fujian Newland Computer, assuming nothing else is changed. The correlation between historical values of Fujian Newland's Retained Earnings and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Fujian Newland Computer are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Retained Earnings i.e., Fujian Newland's Retained Earnings and Good Will go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Fujian Newland's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fujian Newland Computer 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 Fujian Newland Computer. 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.
As of December 29, 2024,
Selling General Administrative is expected to decline to about 282.7
M. In addition to that,
Discontinued Operations is expected to decline to about (3.9
M)
Fujian Newland fundamental ratios Correlations
Click cells to compare fundamentals
Fujian Newland Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fujian Newland 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 Fujian Stock
Balance Sheet is a snapshot of the
financial position of Fujian Newland Computer at a specified time, usually calculated after every quarter, six months, or one year. Fujian Newland Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fujian Newland 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 Fujian currently owns. An asset can also be divided into two categories, current and non-current.