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 Net Income From Continuing Ops and its Discontinued Operations 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.
Net Income From Continuing Ops vs Discontinued Operations
Net Income From Continuing Ops vs Discontinued Operations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Construction Net Income From Continuing Ops account and
Discontinued Operations. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zhejiang Construction's Net Income From Continuing Ops and Discontinued Operations is -0.09. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Discontinued Operations 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 Net Income From Continuing Ops and Discontinued Operations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Zhejiang Construction Investment are associated (or correlated) with its Discontinued Operations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Discontinued Operations has no effect on the direction of Net Income From Continuing Ops i.e., Zhejiang Construction's Net Income From Continuing Ops and Discontinued Operations go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income From Continuing Ops
Discontinued Operations
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.