603180 Stock | | | 20.71 0.01 0.05% |
Xiamen Goldenhome financial indicator trend analysis is more than just analyzing Xiamen Goldenhome current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Goldenhome is a good investment. Please check the relationship between Xiamen Goldenhome Short Term Investments and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Goldenhome Co. 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.
Short Term Investments vs Total Stockholder Equity
Short Term Investments vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen Goldenhome Short Term Investments account and
Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiamen Goldenhome's Short Term Investments and Total Stockholder Equity is 0.97. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Xiamen Goldenhome Co, assuming nothing else is changed. The correlation between historical values of Xiamen Goldenhome's Short Term Investments 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 Short Term Investments of Xiamen Goldenhome Co 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 Short Term Investments i.e., Xiamen Goldenhome's Short Term Investments and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Xiamen Goldenhome balance sheet. It contains any investments Xiamen Goldenhome Co undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Xiamen Goldenhome can easily liquidate in the marketplace.
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 Xiamen Goldenhome's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Goldenhome 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 Xiamen Goldenhome Co. 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 20.2
M, whereas
Selling General Administrative is forecasted to decline to about 355.6
M.
Xiamen Goldenhome fundamental ratios Correlations
Click cells to compare fundamentals
Xiamen Goldenhome Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiamen Goldenhome fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xiamen Stock
Balance Sheet is a snapshot of the
financial position of Xiamen Goldenhome at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Goldenhome Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Goldenhome 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.