300888 Stock | | | 40.38 3.18 8.55% |
Winner Medical financial indicator trend analysis is more than just analyzing Winner Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Winner Medical is a good investment. Please check the relationship between Winner Medical Non Current Liabilities Total and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Winner Medical 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.
Non Current Liabilities Total vs Other Assets
Non Current Liabilities Total vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Winner Medical Non Current Liabilities Total account and
Other Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Winner Medical's Non Current Liabilities Total and Other Assets is 0.83. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Assets in the same time period over historical financial statements of Winner Medical Co, assuming nothing else is changed. The correlation between historical values of Winner Medical's Non Current Liabilities 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 Liabilities Total of Winner Medical Co 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 Liabilities Total i.e., Winner Medical's Non Current Liabilities Total and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Other Assets
Most indicators from Winner Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Winner Medical 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 Winner Medical 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.
The current year's
Tax Provision is expected to grow to about 222.6
M, whereas
Selling General Administrative is forecasted to decline to about 1.6
B.
Winner Medical fundamental ratios Correlations
Click cells to compare fundamentals
Winner Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Winner Medical fundamental ratios Accounts
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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 Winner Stock
Balance Sheet is a snapshot of the
financial position of Winner Medical at a specified time, usually calculated after every quarter, six months, or one year. Winner Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Winner 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 Winner currently owns. An asset can also be divided into two categories, current and non-current.