600698 Stock | | | 5.52 0.10 1.78% |
Hunan Tyen financial indicator trend analysis is much more than just examining Hunan Tyen Machinery latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hunan Tyen Machinery is a good investment. Please check the relationship between Hunan Tyen Property Plant Equipment and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Hunan Tyen Machinery. 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.
Property Plant Equipment vs Total Stockholder Equity
Property Plant Equipment vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hunan Tyen Machinery Property Plant Equipment account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hunan Tyen's Property Plant Equipment and Total Stockholder Equity is 0.78. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Hunan Tyen Machinery, assuming nothing else is changed. The correlation between historical values of Hunan Tyen's Property Plant Equipment and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Hunan Tyen Machinery are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Property Plant Equipment i.e., Hunan Tyen's Property Plant Equipment and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant Equipment
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Hunan Tyen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hunan Tyen Machinery 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 Hunan Tyen Machinery. 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 current year's
Tax Provision is expected to grow to about 1.9
M, whereas
Selling General Administrative is forecasted to decline to about 21.8
M.
Hunan Tyen fundamental ratios Correlations
Click cells to compare fundamentals
Hunan Tyen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hunan Tyen fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Hunan Stock
Balance Sheet is a snapshot of the
financial position of Hunan Tyen Machinery at a specified time, usually calculated after every quarter, six months, or one year. Hunan Tyen Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hunan Tyen 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 Hunan currently owns. An asset can also be divided into two categories, current and non-current.