002202 Stock | | | 10.66 0.02 0.19% |
Xinjiang Goldwind financial indicator trend analysis is more than just analyzing Xinjiang Goldwind Science current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinjiang Goldwind Science is a good investment. Please check the relationship between Xinjiang Goldwind Cash and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinjiang Goldwind Science. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash vs Short Term Investments
Cash vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinjiang Goldwind Science Cash account and
Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xinjiang Goldwind's Cash and Short Term Investments is 0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Xinjiang Goldwind Science, assuming nothing else is changed. The correlation between historical values of Xinjiang Goldwind's Cash and Short Term Investments 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 of Xinjiang Goldwind Science are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Xinjiang Goldwind's Cash and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Xinjiang Goldwind Science, which is listed under current asset account on Xinjiang Goldwind Science balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Xinjiang Goldwind customers. The amounts must be unrestricted with restricted cash listed in a different Xinjiang Goldwind account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Short Term Investments
Short Term Investments is an item under the current assets section of Xinjiang Goldwind balance sheet. It contains any investments Xinjiang Goldwind Science undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Xinjiang Goldwind Science can easily liquidate in the marketplace.
Most indicators from Xinjiang Goldwind's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinjiang Goldwind Science 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 Xinjiang Goldwind Science. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of December 18, 2024,
Selling General Administrative is expected to decline to about 2.3
B. In addition to that,
Tax Provision is expected to decline to about 550.9
MXinjiang Goldwind fundamental ratios Correlations
Click cells to compare fundamentals
Xinjiang Goldwind Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xinjiang Goldwind fundamental ratios Accounts
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Other Information on Investing in Xinjiang Stock
Balance Sheet is a snapshot of the
financial position of Xinjiang Goldwind Science at a specified time, usually calculated after every quarter, six months, or one year. Xinjiang Goldwind Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinjiang Goldwind 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 Xinjiang currently owns. An asset can also be divided into two categories, current and non-current.