002439 Stock | | | 16.92 0.47 2.70% |
Beijing Venustech financial indicator trend analysis is way more than just evaluating Beijing Venustech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Venustech is a good investment. Please check the relationship between Beijing Venustech Property Plant And Equipment Net and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Venustech. 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.
Property Plant And Equipment Net vs Inventory
Property Plant And Equipment Net vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Beijing Venustech Property Plant And Equipment Net account and
Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Beijing Venustech's Property Plant And Equipment Net and Inventory is 0.93. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Inventory in the same time period over historical financial statements of Beijing Venustech, assuming nothing else is changed. The correlation between historical values of Beijing Venustech's Property Plant And Equipment Net 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 Property Plant And Equipment Net of Beijing Venustech 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 Property Plant And Equipment Net i.e., Beijing Venustech's Property Plant And Equipment Net and Inventory go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Inventory
Most indicators from Beijing Venustech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Venustech 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 Beijing Venustech. 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 699.6
M. The current year's
Tax Provision is expected to grow to about 36.7
MBeijing Venustech fundamental ratios Correlations
Click cells to compare fundamentals
Beijing Venustech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Beijing Venustech fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Beijing Stock
Balance Sheet is a snapshot of the
financial position of Beijing Venustech at a specified time, usually calculated after every quarter, six months, or one year. Beijing Venustech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Venustech 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.