New Hope financial indicator trend analysis is infinitely more than just investigating New Hope Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Hope Dairy is a good investment. Please check the relationship between New Hope Change In Cash and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New Hope Dairy. 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.
Change In Cash vs Depreciation
Change In Cash vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Hope Dairy Change In Cash account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between New Hope's Change In Cash and Depreciation is -0.67. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Depreciation in the same time period over historical financial statements of New Hope Dairy, assuming nothing else is changed. The correlation between historical values of New Hope's Change In Cash and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of New Hope Dairy are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Cash i.e., New Hope's Change In Cash and Depreciation go up and down completely randomly.
Depreciation indicates how much of New Hope Dairy value has been used up. For tax purposes New Hope can deduct the cost of the tangible assets it purchases as business expenses. However, New Hope Dairy must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from New Hope's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Hope Dairy 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 New Hope Dairy. 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.
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.
Balance Sheet is a snapshot of the financial position of New Hope Dairy at a specified time, usually calculated after every quarter, six months, or one year. New Hope Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Hope 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 New currently owns. An asset can also be divided into two categories, current and non-current.