605339 Stock | | | 19.24 0.43 2.19% |
Namchow Food financial indicator trend analysis is infinitely more than just investigating Namchow Food Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Namchow Food Group is a good investment. Please check the relationship between Namchow Food Short Term Debt and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Namchow Food Group. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Namchow Food Group Short Term Debt account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Namchow Food's Short Term Debt and Non Current Liabilities Total is -0.58. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Namchow Food Group, assuming nothing else is changed. The correlation between historical values of Namchow Food's Short Term Debt and Non Current Liabilities Total 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 Debt of Namchow Food Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Short Term Debt i.e., Namchow Food's Short Term Debt and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Most indicators from Namchow Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Namchow Food Group 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 Namchow Food Group. 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 368.5
M. The current year's
Tax Provision is expected to grow to about 50.8
MBalance Sheet is a snapshot of the
financial position of Namchow Food Group at a specified time, usually calculated after every quarter, six months, or one year. Namchow Food Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Namchow Food 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 Namchow currently owns. An asset can also be divided into two categories, current and non-current.