601669 Stock | | | 5.57 0.03 0.54% |
Power Construction financial indicator trend analysis is much more than just breaking down Power Construction Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power Construction Corp is a good investment. Please check the relationship between Power Construction Long Term Investments and its Total Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Power Construction Corp. 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.
Long Term Investments vs Total Assets
Long Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Power Construction Corp Long Term Investments account and
Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Power Construction's Long Term Investments and Total Assets is 0.95. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Power Construction Corp, assuming nothing else is changed. The correlation between historical values of Power Construction's Long Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Power Construction Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Investments i.e., Power Construction's Long Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Power Construction balance sheet that represents investments Power Construction Corp intends to hold for over a year. Power Construction Corp long term investments may include different instruments such as stocks, bonds, real estate and cash.
Total Assets
Total assets refers to the total amount of Power Construction assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Power Construction Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Power Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power Construction Corp 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 Power Construction Corp. 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 13, 2024,
Selling General Administrative is expected to decline to about 4.2
B. In addition to that,
Tax Provision is expected to decline to about 3.4
BPower Construction fundamental ratios Correlations
Click cells to compare fundamentals
Power Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Power Construction fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Power Stock
Balance Sheet is a snapshot of the
financial position of Power Construction Corp at a specified time, usually calculated after every quarter, six months, or one year. Power Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Power Construction 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 Power currently owns. An asset can also be divided into two categories, current and non-current.