| 600301 Stock | | | 17.28 0.17 0.97% |
Nanning Chemical financial indicator trend analysis is infinitely more than just investigating Nanning Chemical Industry recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanning Chemical Industry is a good investment. Please check the relationship between Nanning Chemical End Period Cash Flow and its Change To Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanning Chemical Industry. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nanning Chemical Industry End Period Cash Flow account and
Change To Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nanning Chemical's End Period Cash Flow and Change To Liabilities is -0.33. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Nanning Chemical Industry, assuming nothing else is changed. The correlation between historical values of Nanning Chemical's End Period Cash Flow and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of Nanning Chemical Industry are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of End Period Cash Flow i.e., Nanning Chemical's End Period Cash Flow and Change To Liabilities go up and down completely randomly.
Correlation Coefficient | -0.33 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Most indicators from Nanning Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanning Chemical Industry 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 Nanning Chemical Industry. 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
Selling General Administrative is expected to grow to about 66.5
M. The current year's
Tax Provision is expected to grow to about 122.8
MBalance Sheet is a snapshot of the
financial position of Nanning Chemical Industry at a specified time, usually calculated after every quarter, six months, or one year. Nanning Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanning Chemical 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 Nanning currently owns. An asset can also be divided into two categories, current and non-current.