002096 Stock | | | 12.26 0.12 0.99% |
Hunan Nanling financial indicator trend analysis is much more than just examining Hunan Nanling Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Nanling Industrial is a good investment. Please check the relationship between Hunan Nanling Other Stockholder Equity and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Nanling Industrial. 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 Inventory
Other Stockholder Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hunan Nanling Industrial Other Stockholder Equity account and
Inventory. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Hunan Nanling's Other Stockholder Equity and Inventory is -0.57. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Inventory in the same time period over historical financial statements of Hunan Nanling Industrial, assuming nothing else is changed. The correlation between historical values of Hunan Nanling's Other Stockholder Equity and Inventory 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 Hunan Nanling Industrial are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Stockholder Equity i.e., Hunan Nanling's Other Stockholder Equity and Inventory go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Stockholder Equity
Inventory
Most indicators from Hunan Nanling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Nanling Industrial 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 Hunan Nanling Industrial. 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
Tax Provision is expected to grow to about 150.5
M, whereas
Selling General Administrative is forecasted to decline to about 247
M.
Hunan Nanling fundamental ratios Correlations
Click cells to compare fundamentals
Hunan Nanling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hunan Nanling fundamental ratios Accounts
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Other Information on Investing in Hunan Stock
Balance Sheet is a snapshot of the
financial position of Hunan Nanling Industrial at a specified time, usually calculated after every quarter, six months, or one year. Hunan Nanling Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hunan Nanling 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 Hunan currently owns. An asset can also be divided into two categories, current and non-current.