| 301102 Stock | | | 10.47 0.02 0.19% |
Mega Info financial indicator trend analysis is infinitely more than just investigating Mega info Media recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mega info Media is a good investment. Please check the relationship between Mega Info Capital Lease Obligations and its Retained Earnings accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Mega info Media CoLtd. 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 Lease Obligations vs Retained Earnings
Capital Lease Obligations vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mega info Media Capital Lease Obligations account and
Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mega Info's Capital Lease Obligations and Retained Earnings is 0.86. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Mega info Media CoLtd, assuming nothing else is changed. The correlation between historical values of Mega Info's Capital Lease Obligations and Retained Earnings 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 Lease Obligations of Mega info Media CoLtd are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Lease Obligations i.e., Mega Info's Capital Lease Obligations and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Capital Lease Obligations
Mega info Media capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Mega Info asset purchases. For example, Mega Info can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Mega Info control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Mega Info's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mega info 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 Mega info Media CoLtd. 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.
The current year's
Tax Provision is expected to grow to about 15.1
M, whereas
Selling General Administrative is forecasted to decline to about 87.6
M.
Mega Info fundamental ratios Correlations
Click cells to compare fundamentals
Mega Info Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mega Info 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 Mega Stock
Balance Sheet is a snapshot of the
financial position of Mega info Media at a specified time, usually calculated after every quarter, six months, or one year. Mega Info Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mega Info 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 Mega currently owns. An asset can also be divided into two categories, current and non-current.