601825 Stock | | | 8.13 0.01 0.12% |
Shanghai Rural financial indicator trend analysis is much more than just breaking down Shanghai Rural Commercial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Rural Commercial is a good investment. Please check the relationship between Shanghai Rural Net Receivables and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Rural Commercial. 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.
Net Receivables vs Intangible Assets
Net Receivables vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Rural Commercial Net Receivables account and
Intangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shanghai Rural's Net Receivables and Intangible Assets is -0.52. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Shanghai Rural Commercial, assuming nothing else is changed. The correlation between historical values of Shanghai Rural's Net Receivables and Intangible 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 Net Receivables of Shanghai Rural Commercial are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Net Receivables i.e., Shanghai Rural's Net Receivables and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Receivables
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Shanghai Rural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rural Commercial 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 Shanghai Rural Commercial. 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 11, 2024,
Selling General Administrative is expected to decline to about 5.3
B. In addition to that,
Tax Provision is expected to decline to about 2.2
BShanghai Rural fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Rural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Rural fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Rural Commercial at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Rural Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Rural 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.