002761 Stock | | | 10.63 0.17 1.57% |
Zhejiang Construction financial indicator trend analysis is more than just analyzing Zhejiang Construction current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Construction is a good investment. Please check the relationship between Zhejiang Construction Interest Income and its Tax Provision accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Construction Investment. 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.
Interest Income vs Tax Provision
Interest Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Construction Interest Income account and
Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhejiang Construction's Interest Income and Tax Provision is 0.74. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Zhejiang Construction Investment, assuming nothing else is changed. The correlation between historical values of Zhejiang Construction's Interest Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Zhejiang Construction Investment are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Interest Income i.e., Zhejiang Construction's Interest Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Zhejiang Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Construction 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 Zhejiang Construction Investment. 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 285
M, whereas Tax Provision is forecasted to decline to about 238.9
M.
Zhejiang Construction fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Construction fundamental ratios Accounts
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Other Information on Investing in Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Construction at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Construction 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.