688180 Stock | | | 29.36 0.77 2.56% |
Shanghai Junshi financial indicator trend analysis is much more than just breaking down Shanghai Junshi Bios prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Junshi Bios is a good investment. Please check the relationship between Shanghai Junshi Change To Netincome and its Change In Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Junshi Biosciences. 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
Shanghai Junshi Bios Change To Netincome account and
Change In Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shanghai Junshi's Change To Netincome and Change In Cash is 0.21. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Shanghai Junshi Biosciences, assuming nothing else is changed. The correlation between historical values of Shanghai Junshi's Change To Netincome and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Shanghai Junshi Biosciences are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Change To Netincome i.e., Shanghai Junshi's Change To Netincome and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Most indicators from Shanghai Junshi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Junshi Bios 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 Junshi Biosciences. 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.
At present, Shanghai Junshi's
Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's
Discontinued Operations is expected to grow to about 107.5
K, whereas
Selling General Administrative is forecasted to decline to about 869.3
M.
Balance Sheet is a snapshot of the
financial position of Shanghai Junshi Bios at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Junshi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Junshi 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.