| 900903 Stock | | | 0.26 0.01 3.70% |
Dazhong Transportation financial indicator trend analysis is much more than just examining Dazhong Transportation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dazhong Transportation is a good investment. Please check the relationship between Dazhong Transportation Net Income From Continuing Ops and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Dazhong Transportation 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 board of governors.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dazhong Transportation Net Income From Continuing Ops account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dazhong Transportation's Net Income From Continuing Ops and Selling General Administrative is -0.23. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Dazhong Transportation Group, assuming nothing else is changed. The correlation between historical values of Dazhong Transportation's Net Income From Continuing Ops and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Dazhong Transportation Group are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Income From Continuing Ops i.e., Dazhong Transportation's Net Income From Continuing Ops and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.23 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Most indicators from Dazhong Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dazhong Transportation 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 Dazhong Transportation 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 board of governors.
As of November 29, 2024, Selling General Administrative is expected to decline to about 167.8
M. In addition to that,
Tax Provision is expected to decline to about 165.1
MBalance Sheet is a snapshot of the
financial position of Dazhong Transportation at a specified time, usually calculated after every quarter, six months, or one year. Dazhong Transportation Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dazhong Transportation 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 Dazhong currently owns. An asset can also be divided into two categories, current and non-current.