300813 Stock | | | 18.21 0.84 4.41% |
Zhejiang Tailin financial indicator trend analysis is more than just analyzing Zhejiang Tailin Bioe current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Tailin Bioe is a good investment. Please check the relationship between Zhejiang Tailin Capital Expenditures and its Other Non Cash Items accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Tailin Bioengineering. 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.
Capital Expenditures vs Other Non Cash Items
Capital Expenditures vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhejiang Tailin Bioe Capital Expenditures account and
Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zhejiang Tailin's Capital Expenditures and Other Non Cash Items is -0.48. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Zhejiang Tailin Bioengineering, assuming nothing else is changed. The correlation between historical values of Zhejiang Tailin's Capital Expenditures and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Zhejiang Tailin Bioengineering are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., Zhejiang Tailin's Capital Expenditures and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.48 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Zhejiang Tailin Bioe to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Zhejiang Tailin operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Other Non Cash Items
Most indicators from Zhejiang Tailin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Tailin Bioe 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 Zhejiang Tailin Bioengineering. 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.
As of December 25, 2024,
Tax Provision is expected to decline to about 3.4
M. In addition to that,
Selling General Administrative is expected to decline to about 37.4
MZhejiang Tailin fundamental ratios Correlations
Click cells to compare fundamentals
Zhejiang Tailin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhejiang Tailin 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 Zhejiang Stock
Balance Sheet is a snapshot of the
financial position of Zhejiang Tailin Bioe at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang Tailin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang Tailin 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 Zhejiang currently owns. An asset can also be divided into two categories, current and non-current.