300003 Stock | | | 12.03 0.03 0.25% |
Lepu Medical financial indicator trend analysis is infinitely more than just investigating Lepu Medical Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lepu Medical Tech is a good investment. Please check the relationship between Lepu Medical Change In Cash and its Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Lepu Medical Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
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
Lepu Medical Tech Change In Cash account and
Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Lepu Medical's Change In Cash and Depreciation is -0.39. 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 Lepu Medical Tech, assuming nothing else is changed. The correlation between historical values of Lepu Medical'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 Lepu Medical Tech 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., Lepu Medical's Change In Cash and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change In Cash
Depreciation
Depreciation indicates how much of Lepu Medical Tech value has been used up. For tax purposes Lepu Medical can deduct the cost of the tangible assets it purchases as business expenses. However, Lepu Medical Tech 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 Lepu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lepu Medical Tech 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 Lepu Medical Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 305.9
M, whereas
Selling General Administrative is forecasted to decline to about 1.1
B.
Lepu Medical fundamental ratios Correlations
Click cells to compare fundamentals
Lepu Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lepu Medical 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 Lepu Stock
Balance Sheet is a snapshot of the
financial position of Lepu Medical Tech at a specified time, usually calculated after every quarter, six months, or one year. Lepu Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Lepu Medical 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 Lepu currently owns. An asset can also be divided into two categories, current and non-current.