002238 Stock | | | 10.50 0.07 0.67% |
Shenzhen Topway financial indicator trend analysis is much more than just breaking down Shenzhen Topway Video prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Topway Video is a good investment. Please check the relationship between Shenzhen Topway Cash and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Topway Video. 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.
Cash vs Long Term Investments
Cash vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen Topway Video Cash account and
Long Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen Topway's Cash and Long Term Investments is 0.37. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Shenzhen Topway Video, assuming nothing else is changed. The correlation between historical values of Shenzhen Topway's Cash 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 Cash of Shenzhen Topway Video 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 Cash i.e., Shenzhen Topway's Cash and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Shenzhen Topway Video, which is listed under current asset account on Shenzhen Topway Video balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shenzhen Topway customers. The amounts must be unrestricted with restricted cash listed in a different Shenzhen Topway 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.
Long Term Investments
Long Term Investments is an item on the asset side of Shenzhen Topway balance sheet that represents investments Shenzhen Topway Video intends to hold for over a year. Shenzhen Topway Video long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Shenzhen Topway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Topway Video 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 Shenzhen Topway Video. 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 136.6
M, whereas
Discontinued Operations is forecasted to decline to (39.4
K).
Shenzhen Topway fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen Topway Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen Topway fundamental ratios Accounts
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Other Information on Investing in Shenzhen Stock
Balance Sheet is a snapshot of the
financial position of Shenzhen Topway Video at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen Topway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen Topway 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 Shenzhen currently owns. An asset can also be divided into two categories, current and non-current.