600399 Stock | | | 6.65 0.05 0.76% |
Fushun Special financial indicator trend analysis is much more than just examining Fushun Special Steel latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fushun Special Steel is a good investment. Please check the relationship between Fushun Special Selling General Administrative and its Reconciled Depreciation accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Fushun Special Steel. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fushun Special Steel Selling General Administrative account and
Reconciled Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fushun Special's Selling General Administrative and Reconciled Depreciation is -0.42. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Fushun Special Steel, assuming nothing else is changed. The correlation between historical values of Fushun Special's Selling General Administrative and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Fushun Special Steel are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Selling General Administrative i.e., Fushun Special's Selling General Administrative and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from Fushun Special's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fushun Special Steel 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 Fushun Special Steel. 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 71.7
M. The current year's
Tax Provision is expected to grow to about (5.5
M)
Balance Sheet is a snapshot of the
financial position of Fushun Special Steel at a specified time, usually calculated after every quarter, six months, or one year. Fushun Special Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fushun Special 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 Fushun currently owns. An asset can also be divided into two categories, current and non-current.