601598 Stock | | | 5.23 0.12 2.24% |
Sinotrans financial indicator trend analysis is much more than just breaking down Sinotrans Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinotrans Class is a good investment. Please check the relationship between Sinotrans Total Current Assets and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinotrans Ltd Class. 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.
Total Current Assets vs Other Stockholder Equity
Total Current Assets vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sinotrans Class Total Current Assets account and
Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sinotrans' Total Current Assets and Other Stockholder Equity is -0.68. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Sinotrans Ltd Class, assuming nothing else is changed. The correlation between historical values of Sinotrans' Total Current Assets and Other 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 Total Current Assets of Sinotrans Ltd Class are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Assets i.e., Sinotrans' Total Current Assets and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.68 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.
Other Stockholder Equity
Most indicators from Sinotrans' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinotrans Class 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 Sinotrans Ltd Class. 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
Selling General Administrative is expected to grow to about 1.1
B, whereas
Tax Provision is forecasted to decline to about 818.9
M.
Sinotrans fundamental ratios Correlations
Click cells to compare fundamentals
Sinotrans Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sinotrans fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Sinotrans Stock
Balance Sheet is a snapshot of the
financial position of Sinotrans Class at a specified time, usually calculated after every quarter, six months, or one year. Sinotrans Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sinotrans 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 Sinotrans currently owns. An asset can also be divided into two categories, current and non-current.