002929 Stock | | | 29.82 0.60 2.05% |
Runjian Communication financial indicator trend analysis is much more than just breaking down Runjian Communication prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Runjian Communication is a good investment. Please check the relationship between Runjian Communication Total Liab and its Other Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Runjian Communication 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.
Total Liab vs Other Liab
Total Liab vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Runjian Communication Total Liab account and
Other Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Runjian Communication's Total Liab and Other Liab is 0.98. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Liab in the same time period over historical financial statements of Runjian Communication Co, assuming nothing else is changed. The correlation between historical values of Runjian Communication's Total Liab and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Runjian Communication Co are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Total Liab i.e., Runjian Communication's Total Liab and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Other Liab
Most indicators from Runjian Communication's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Runjian Communication 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 Runjian Communication 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.
As of December 1, 2024,
Selling General Administrative is expected to decline to about 58.5
M. In addition to that,
Tax Provision is expected to decline to about 59.6
MRunjian Communication fundamental ratios Correlations
Click cells to compare fundamentals
Runjian Communication Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Runjian Communication fundamental ratios Accounts
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Other Information on Investing in Runjian Stock
Balance Sheet is a snapshot of the
financial position of Runjian Communication at a specified time, usually calculated after every quarter, six months, or one year. Runjian Communication Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Runjian Communication 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 Runjian currently owns. An asset can also be divided into two categories, current and non-current.