002429 Stock | | | 5.17 0.03 0.58% |
Shenzhen MTC financial indicator trend analysis is much more than just breaking down Shenzhen MTC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen MTC is a good investment. Please check the relationship between Shenzhen MTC Inventory and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen MTC Co. 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.
Inventory vs Property Plant Equipment
Inventory vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shenzhen MTC Inventory account and
Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shenzhen MTC's Inventory and Property Plant Equipment is 0.85. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Shenzhen MTC Co, assuming nothing else is changed. The correlation between historical values of Shenzhen MTC's Inventory and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Shenzhen MTC Co are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Inventory i.e., Shenzhen MTC's Inventory and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Inventory
Property Plant Equipment
Most indicators from Shenzhen MTC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen MTC 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 MTC Co. 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 387
M. The current year's
Tax Provision is expected to grow to about 67.1
MShenzhen MTC fundamental ratios Correlations
Click cells to compare fundamentals
Shenzhen MTC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenzhen MTC 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 MTC at a specified time, usually calculated after every quarter, six months, or one year. Shenzhen MTC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shenzhen MTC 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.