| 605098 Stock | | | 34.26 0.18 0.53% |
Shanghai Action financial indicator trend analysis is much more than just breaking down Shanghai Action Education prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Action Education is a good investment. Please check the relationship between Shanghai Action Non Current Liabilities Total and its Cash And Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Action Education. 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.
Non Current Liabilities Total vs Cash And Short Term Investments
Non Current Liabilities Total vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Action Education Non Current Liabilities Total account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shanghai Action's Non Current Liabilities Total and Cash And Short Term Investments is 0.9. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Shanghai Action Education, assuming nothing else is changed. The correlation between historical values of Shanghai Action's Non Current Liabilities Total and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Shanghai Action Education are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Current Liabilities Total i.e., Shanghai Action's Non Current Liabilities Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Non Current Liabilities Total
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Shanghai Action Education balance sheet. This account contains Shanghai Action investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Shanghai Action Education fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Shanghai Action's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Action Education 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 Action Education. 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 211
M, whereas
Tax Provision is forecasted to decline to about 27.5
M.
Shanghai Action fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Action Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Action 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 Action Education at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Action Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Action 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.