600104 Stock | | | 18.19 0.14 0.76% |
SAIC financial indicator trend analysis is much more than just breaking down SAIC Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SAIC Motor Corp is a good investment. Please check the relationship between SAIC Long Term Investments and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in SAIC Motor Corp. 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.
Long Term Investments vs Total Current Assets
Long Term Investments vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SAIC Motor Corp Long Term Investments account and
Total Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between SAIC's Long Term Investments and Total Current Assets is -0.92. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of SAIC Motor Corp, assuming nothing else is changed. The correlation between historical values of SAIC's Long Term Investments and Total Current 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 Long Term Investments of SAIC Motor Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Investments i.e., SAIC's Long Term Investments and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.92 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of SAIC balance sheet that represents investments SAIC Motor Corp intends to hold for over a year. SAIC Motor Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from SAIC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SAIC Motor Corp 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 SAIC Motor Corp. 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 23, 2024,
Selling General Administrative is expected to decline to about 36.3
B. In addition to that,
Tax Provision is expected to decline to about 5.1
BSAIC fundamental ratios Correlations
Click cells to compare fundamentals
SAIC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SAIC fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in SAIC Stock
Balance Sheet is a snapshot of the
financial position of SAIC Motor Corp at a specified time, usually calculated after every quarter, six months, or one year. SAIC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SAIC 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 SAIC currently owns. An asset can also be divided into two categories, current and non-current.