RLX Stock | | | USD 1.95 0.02 1.04% |
RLX Technology financial indicator trend analysis is much more than just breaking down RLX Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RLX Technology is a good investment. Please check the relationship between RLX Technology Capital Stock and its Cash And Equivalents accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLX Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy RLX Stock please use our
How to Invest in RLX Technology guide.
Capital Stock vs Cash And Equivalents
Capital Stock vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
RLX Technology Capital Stock account and
Cash And Equivalents. At this time, the significance of the direction appears to have very strong relationship.
The correlation between RLX Technology's Capital Stock and Cash And Equivalents is 0.83. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of RLX Technology, assuming nothing else is changed. The correlation between historical values of RLX Technology's Capital Stock and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of RLX Technology are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Capital Stock i.e., RLX Technology's Capital Stock and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Cash And Equivalents
Most indicators from RLX Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RLX Technology 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLX Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy RLX Stock please use our
How to Invest in RLX Technology guide.
Sales General And Administrative To Revenue is likely to rise to 0.42 in 2024, whereas
Tax Provision is likely to drop slightly above 17.3
M in 2024.
RLX Technology fundamental ratios Correlations
Click cells to compare fundamentals
RLX Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RLX Technology fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for RLX Stock Analysis
When running RLX Technology's price analysis, check to
measure RLX Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RLX Technology is operating at the current time. Most of RLX Technology's value examination focuses on studying past and present price action to
predict the probability of RLX Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RLX Technology's price. Additionally, you may evaluate how the addition of RLX Technology to your portfolios can decrease your overall portfolio volatility.