| 301052 Stock | | | 23.70 0.59 2.55% |
GUOMAI Culture financial indicator trend analysis is much more than just examining GUOMAI Culture Media latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GUOMAI Culture Media is a good investment. Please check the relationship between GUOMAI Culture Short Term Investments and its Net Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in GUOMAI Culture Media. 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.
Short Term Investments vs Net Working Capital
Short Term Investments vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GUOMAI Culture Media Short Term Investments account and
Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between GUOMAI Culture's Short Term Investments and Net Working Capital is 0.74. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of GUOMAI Culture Media, assuming nothing else is changed. The correlation between historical values of GUOMAI Culture's Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of GUOMAI Culture Media are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Investments i.e., GUOMAI Culture's Short Term Investments and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of GUOMAI Culture balance sheet. It contains any investments GUOMAI Culture Media undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that GUOMAI Culture Media can easily liquidate in the marketplace.
Net Working Capital
Most indicators from GUOMAI Culture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GUOMAI Culture Media 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 GUOMAI Culture Media. 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
Selling General Administrative is expected to grow to about 81
M, whereas
Tax Provision is forecasted to decline to about 5.6
M.
GUOMAI Culture fundamental ratios Correlations
Click cells to compare fundamentals
GUOMAI Culture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GUOMAI Culture fundamental ratios Accounts
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Other Information on Investing in GUOMAI Stock
Balance Sheet is a snapshot of the
financial position of GUOMAI Culture Media at a specified time, usually calculated after every quarter, six months, or one year. GUOMAI Culture Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GUOMAI Culture 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 GUOMAI currently owns. An asset can also be divided into two categories, current and non-current.