600985 Stock | | | 15.03 0.15 1.01% |
Huaibei Mining financial indicator trend analysis is much more than just examining Huaibei Mining Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huaibei Mining Holdings is a good investment. Please check the relationship between Huaibei Mining Retained Earnings and its Non Currrent Assets Other accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Huaibei Mining Holdings. 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.
Retained Earnings vs Non Currrent Assets Other
Retained Earnings vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Huaibei Mining Holdings Retained Earnings account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Huaibei Mining's Retained Earnings and Non Currrent Assets Other is 0.6. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Huaibei Mining Holdings, assuming nothing else is changed. The correlation between historical values of Huaibei Mining's Retained Earnings and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Huaibei Mining Holdings are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Retained Earnings i.e., Huaibei Mining's Retained Earnings and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Huaibei Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huaibei Mining Holdings 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 Huaibei Mining Holdings. 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,
Tax Provision is expected to decline to about 656.7
M. In addition to that,
Discontinued Operations is expected to decline to about (190.8
M)
Huaibei Mining fundamental ratios Correlations
Click cells to compare fundamentals
Huaibei Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Huaibei Mining fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Huaibei Stock
Balance Sheet is a snapshot of the
financial position of Huaibei Mining Holdings at a specified time, usually calculated after every quarter, six months, or one year. Huaibei Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Huaibei Mining 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 Huaibei currently owns. An asset can also be divided into two categories, current and non-current.