Beijing Compass financial indicator trend analysis is way more than just evaluating Beijing Compass Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beijing Compass Tech is a good investment. Please check the relationship between Beijing Compass Non Current Assets Total and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beijing Compass Technology. 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.
Non Current Assets Total vs Other Assets
Non Current Assets Total vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beijing Compass Tech Non Current Assets Total account and Other Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Beijing Compass' Non Current Assets Total and Other Assets is 0.33. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Assets in the same time period over historical financial statements of Beijing Compass Technology, assuming nothing else is changed. The correlation between historical values of Beijing Compass' Non Current Assets Total and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Beijing Compass Technology are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Non Current Assets Total i.e., Beijing Compass' Non Current Assets Total and Other Assets go up and down completely randomly.
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.
Other Assets
Most indicators from Beijing Compass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beijing Compass 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 Beijing Compass Technology. 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 Beijing Compass Tech at a specified time, usually calculated after every quarter, six months, or one year. Beijing Compass Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Beijing Compass 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 Beijing currently owns. An asset can also be divided into two categories, current and non-current.