688303 Stock | | | 25.13 0.22 0.87% |
Xinjiang Daqo financial indicator trend analysis is more than just analyzing Xinjiang Daqo New current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinjiang Daqo New is a good investment. Please check the relationship between Xinjiang Daqo Other Stockholder Equity and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinjiang Daqo New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xinjiang Daqo New Other Stockholder Equity account and
Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xinjiang Daqo's Other Stockholder Equity and Other Current Liab is 0.96. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Xinjiang Daqo New, assuming nothing else is changed. The correlation between historical values of Xinjiang Daqo's Other Stockholder Equity and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Xinjiang Daqo New are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Other Stockholder Equity i.e., Xinjiang Daqo's Other Stockholder Equity and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Xinjiang Daqo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinjiang Daqo New 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 Xinjiang Daqo New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 1.3
B, whereas
Selling General Administrative is forecasted to decline to about 82.7
M.
Balance Sheet is a snapshot of the
financial position of Xinjiang Daqo New at a specified time, usually calculated after every quarter, six months, or one year. Xinjiang Daqo Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xinjiang Daqo 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 Xinjiang currently owns. An asset can also be divided into two categories, current and non-current.