| 002952 Stock | | | 25.77 1.45 5.33% |
Yes Optoelectronics financial indicator trend analysis is more than just analyzing Yes Optoelectronics current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Yes Optoelectronics is a good investment. Please check the relationship between Yes Optoelectronics Net Income and its Net Borrowings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Yes Optoelectronics 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.
Net Income vs Net Borrowings
Net Income vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Yes Optoelectronics Net Income account and
Net Borrowings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Yes Optoelectronics' Net Income and Net Borrowings is 0.15. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Yes Optoelectronics Co, assuming nothing else is changed. The correlation between historical values of Yes Optoelectronics' Net Income and Net Borrowings 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 of Yes Optoelectronics Co are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Yes Optoelectronics' Net Income and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.15 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Yes Optoelectronics financial statement analysis. It represents the amount of money remaining after all of Yes Optoelectronics Co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Yes Optoelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Yes Optoelectronics 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 Yes Optoelectronics 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 22, 2024,
Tax Provision is expected to decline to about 2.9
M. In addition to that,
Selling General Administrative is expected to decline to about 18.4
MYes Optoelectronics fundamental ratios Correlations
Click cells to compare fundamentals
Yes Optoelectronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Yes Optoelectronics 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 Yes Stock
Balance Sheet is a snapshot of the
financial position of Yes Optoelectronics at a specified time, usually calculated after every quarter, six months, or one year. Yes Optoelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Yes Optoelectronics 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 Yes currently owns. An asset can also be divided into two categories, current and non-current.