| 301216 Stock | | | 9.74 0.13 1.32% |
Wankai New financial indicator trend analysis is more than just analyzing Wankai New Materials current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wankai New Materials is a good investment. Please check the relationship between Wankai New Other Non Cash Items and its Dividends Paid accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Wankai New Materials. 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.
Other Non Cash Items vs Dividends Paid
Other Non Cash Items vs Dividends Paid Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wankai New Materials Other Non Cash Items account and
Dividends Paid. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Wankai New's Other Non Cash Items and Dividends Paid is 0.93. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Dividends Paid in the same time period over historical financial statements of Wankai New Materials, assuming nothing else is changed. The correlation between historical values of Wankai New's Other Non Cash Items and Dividends Paid is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Wankai New Materials are associated (or correlated) with its Dividends Paid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividends Paid has no effect on the direction of Other Non Cash Items i.e., Wankai New's Other Non Cash Items and Dividends Paid go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Non Cash Items
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Most indicators from Wankai New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wankai New Materials 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 Wankai New Materials. 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 117.3
M, whereas
Selling General Administrative is forecasted to decline to about 73.9
M.
Wankai New fundamental ratios Correlations
Click cells to compare fundamentals
Wankai New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wankai New fundamental ratios Accounts
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Other Information on Investing in Wankai Stock
Balance Sheet is a snapshot of the
financial position of Wankai New Materials at a specified time, usually calculated after every quarter, six months, or one year. Wankai New Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wankai New 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 Wankai currently owns. An asset can also be divided into two categories, current and non-current.