Sunwoda Electronic financial indicator trend analysis is much more than just breaking down Sunwoda Electronic prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunwoda Electronic is a good investment. Please check the relationship between Sunwoda Electronic Total Current Assets and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sunwoda Electronic. 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.
Total Current Assets vs Non Current Assets Total
Total Current Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunwoda Electronic Total Current Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sunwoda Electronic's Total Current Assets and Non Current Assets Total is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Sunwoda Electronic, assuming nothing else is changed. The correlation between historical values of Sunwoda Electronic's Total Current Assets and Non Current Assets Total 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 Current Assets of Sunwoda Electronic are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Assets i.e., Sunwoda Electronic's Total Current Assets and Non Current Assets Total go up and down completely randomly.
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Sunwoda Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunwoda Electronic 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 Sunwoda Electronic. 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.
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 Sunwoda Electronic at a specified time, usually calculated after every quarter, six months, or one year. Sunwoda Electronic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sunwoda Electronic 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 Sunwoda currently owns. An asset can also be divided into two categories, current and non-current.