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 Retained Earnings and its Long 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.
Retained Earnings vs Long Term Investments
Retained Earnings vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinjiang Goldwind Science Retained Earnings account and
Long Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xinjiang Goldwind's Retained Earnings and Long Term Investments is 0.89. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long 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 Retained Earnings and Long 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 Retained Earnings of Xinjiang Goldwind Science are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Retained Earnings i.e., Xinjiang Goldwind's Retained Earnings and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | 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.
Long Term Investments
Long Term Investments is an item on the asset side of Xinjiang Goldwind balance sheet that represents investments Xinjiang Goldwind Science intends to hold for over a year. Xinjiang Goldwind Science long term investments may include different instruments such as stocks, bonds, real estate and cash.
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.