JinkoSolar Capital Surpluse vs Short Term Investments Analysis

JKS Stock

USD 25.26 1.08 4.10%

JinkoSolar Holding financial indicator trend analysis is infinitely more than just investigating JinkoSolar Holding recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JinkoSolar Holding is a good investment. Please check the relationship between JinkoSolar Holding Capital Surpluse and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JinkoSolar Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy JinkoSolar Stock please use our How to Invest in JinkoSolar Holding guide.

Capital Surpluse vs Short Term Investments

Capital Surpluse vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JinkoSolar Holding Capital Surpluse account and Short Term Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between JinkoSolar Holding's Capital Surpluse and Short Term Investments is 0.38. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of JinkoSolar Holding, assuming nothing else is changed. The correlation between historical values of JinkoSolar Holding's Capital Surpluse and Short Term Investments 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 Surpluse of JinkoSolar Holding are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Capital Surpluse i.e., JinkoSolar Holding's Capital Surpluse and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Capital Surpluse

Short Term Investments

Short Term Investments is an item under the current assets section of JinkoSolar Holding balance sheet. It contains any investments JinkoSolar Holding undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that JinkoSolar Holding can easily liquidate in the marketplace.

Most indicators from JinkoSolar Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JinkoSolar Holding 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JinkoSolar Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy JinkoSolar Stock please use our How to Invest in JinkoSolar Holding guide.At this time, JinkoSolar Holding's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.3 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 3.10 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.7B	12.3B	19.0B	20.0B
Total Revenue	40.8B	83.1B	118.7B	124.6B

Gross Profit Total Revenue

JinkoSolar Holding fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.99	0.26	1.0	0.99	0.99	0.99	0.96	0.98	0.99	0.99	0.39	0.98	0.97	0.65	0.73	0.97	0.96	0.38	0.99	1.0	0.98	1.0	0.99	0.98	0.73
Short Long Term Debt Total	0.99		0.29	0.99	0.98	0.98	1.0	0.95	0.96	0.99	0.97	0.33	0.98	0.95	0.69	0.76	0.97	0.98	0.44	0.98	1.0	0.96	0.99	0.99	0.97	0.77
Other Current Liab	0.26	0.29		0.28	0.3	0.2	0.33	0.28	0.2	0.17	0.17	-0.23	0.14	0.25	0.46	0.5	0.14	0.45	0.59	0.28	0.26	0.11	0.27	0.29	0.14	0.54
Total Current Liabilities	1.0	0.99	0.28		0.99	0.99	0.99	0.96	0.98	0.99	0.98	0.4	0.98	0.97	0.66	0.74	0.96	0.97	0.4	0.99	1.0	0.97	1.0	0.99	0.98	0.74
Total Stockholder Equity	0.99	0.98	0.3	0.99		0.97	0.98	0.98	0.97	0.98	0.96	0.41	0.97	0.96	0.7	0.76	0.94	0.96	0.4	0.98	0.99	0.95	0.99	0.99	0.96	0.78
Property Plant And Equipment Net	0.99	0.98	0.2	0.99	0.97		0.97	0.93	0.97	0.98	1.0	0.4	0.98	0.97	0.61	0.67	0.98	0.94	0.28	0.98	0.99	0.99	0.98	0.98	0.99	0.67
Net Debt	0.99	1.0	0.33	0.99	0.98	0.97		0.95	0.95	0.97	0.96	0.3	0.97	0.95	0.7	0.77	0.96	0.98	0.47	0.98	0.99	0.94	0.99	0.99	0.96	0.78
Retained Earnings	0.96	0.95	0.28	0.96	0.98	0.93	0.95		0.94	0.96	0.93	0.42	0.96	0.92	0.7	0.76	0.9	0.94	0.4	0.93	0.96	0.92	0.96	0.98	0.93	0.78
Accounts Payable	0.98	0.96	0.2	0.98	0.97	0.97	0.95	0.94		0.96	0.97	0.55	0.96	0.98	0.6	0.69	0.95	0.91	0.31	0.97	0.98	0.97	0.98	0.97	0.98	0.68
Cash	0.99	0.99	0.17	0.99	0.98	0.98	0.97	0.96	0.96		0.98	0.4	1.0	0.94	0.65	0.72	0.97	0.94	0.35	0.97	0.99	0.97	0.98	0.98	0.98	0.72
Non Current Assets Total	0.99	0.97	0.17	0.98	0.96	1.0	0.96	0.93	0.97	0.98		0.43	0.98	0.97	0.59	0.65	0.98	0.93	0.24	0.98	0.99	1.0	0.98	0.97	0.99	0.64
Non Currrent Assets Other	0.39	0.33	-0.23	0.4	0.41	0.4	0.3	0.42	0.55	0.4	0.43		0.41	0.45	0.01	0.09	0.39	0.2	-0.26	0.38	0.38	0.49	0.39	0.36	0.49	0.04
Cash And Short Term Investments	0.98	0.98	0.14	0.98	0.97	0.98	0.97	0.96	0.96	1.0	0.98	0.41		0.94	0.64	0.71	0.98	0.93	0.33	0.96	0.98	0.98	0.98	0.98	0.98	0.71
Net Receivables	0.97	0.95	0.25	0.97	0.96	0.97	0.95	0.92	0.98	0.94	0.97	0.45	0.94		0.56	0.64	0.94	0.92	0.26	0.98	0.97	0.96	0.97	0.95	0.96	0.65
Common Stock Total Equity	0.65	0.69	0.46	0.66	0.7	0.61	0.7	0.7	0.6	0.65	0.59	0.01	0.64	0.56		0.94	0.58	0.72	0.57	0.65	0.66	0.56	0.66	0.7	0.6	0.96
Common Stock Shares Outstanding	0.73	0.76	0.5	0.74	0.76	0.67	0.77	0.76	0.69	0.72	0.65	0.09	0.71	0.64	0.94		0.66	0.8	0.63	0.72	0.74	0.63	0.74	0.77	0.66	0.97
Non Current Liabilities Total	0.97	0.97	0.14	0.96	0.94	0.98	0.96	0.9	0.95	0.97	0.98	0.39	0.98	0.94	0.58	0.66		0.92	0.25	0.96	0.97	0.98	0.96	0.95	0.98	0.64
Inventory	0.96	0.98	0.45	0.97	0.96	0.94	0.98	0.94	0.91	0.94	0.93	0.2	0.93	0.92	0.72	0.8	0.92		0.53	0.95	0.97	0.89	0.97	0.97	0.91	0.81
Other Current Assets	0.38	0.44	0.59	0.4	0.4	0.28	0.47	0.4	0.31	0.35	0.24	-0.26	0.33	0.26	0.57	0.63	0.25	0.53		0.36	0.39	0.19	0.43	0.42	0.23	0.68
Other Stockholder Equity	0.99	0.98	0.28	0.99	0.98	0.98	0.98	0.93	0.97	0.97	0.98	0.38	0.96	0.98	0.65	0.72	0.96	0.95	0.36		0.99	0.97	0.99	0.98	0.97	0.73
Total Liab	1.0	1.0	0.26	1.0	0.99	0.99	0.99	0.96	0.98	0.99	0.99	0.38	0.98	0.97	0.66	0.74	0.97	0.97	0.39	0.99		0.97	1.0	0.99	0.98	0.74
Property Plant And Equipment Gross	0.98	0.96	0.11	0.97	0.95	0.99	0.94	0.92	0.97	0.97	1.0	0.49	0.98	0.96	0.56	0.63	0.98	0.89	0.19	0.97	0.97		0.96	0.96	1.0	0.61
Total Current Assets	1.0	0.99	0.27	1.0	0.99	0.98	0.99	0.96	0.98	0.98	0.98	0.39	0.98	0.97	0.66	0.74	0.96	0.97	0.43	0.99	1.0	0.96		0.99	0.97	0.75
Short Term Debt	0.99	0.99	0.29	0.99	0.99	0.98	0.99	0.98	0.97	0.98	0.97	0.36	0.98	0.95	0.7	0.77	0.95	0.97	0.42	0.98	0.99	0.96	0.99		0.97	0.78
Intangible Assets	0.98	0.97	0.14	0.98	0.96	0.99	0.96	0.93	0.98	0.98	0.99	0.49	0.98	0.96	0.6	0.66	0.98	0.91	0.23	0.97	0.98	1.0	0.97	0.97		0.65
Common Stock	0.73	0.77	0.54	0.74	0.78	0.67	0.78	0.78	0.68	0.72	0.64	0.04	0.71	0.65	0.96	0.97	0.64	0.81	0.68	0.73	0.74	0.61	0.75	0.78	0.65

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JinkoSolar Holding Account Relationship Matchups

JinkoSolar Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	47.8B	53.2B	73.0B	108.7B	135.8B	142.6B
Short Long Term Debt Total	20.0B	27.6B	37.3B	47.8B	56.8B	59.6B
Other Current Liab	9.5B	2.5B	12.8B	21.3B	1.1B	1.2B
Total Current Liabilities	31.3B	31.2B	45.5B	64.9B	81.1B	85.1B
Total Stockholder Equity	9.3B	10.0B	11.0B	16.3B	20.2B	21.2B
Property Plant And Equipment Net	11.8B	13.6B	21.0B	33.2B	44.6B	46.8B
Net Debt	14.4B	20.1B	29.0B	37.5B	40.7B	42.8B
Retained Earnings	4.7B	4.9B	5.6B	6.2B	9.1B	9.6B
Accounts Payable	5.0B	4.5B	6.8B	10.4B	15.5B	16.2B
Cash	5.7B	7.5B	8.3B	10.2B	16.1B	16.9B
Non Current Assets Total	12.7B	14.6B	22.8B	36.5B	52.9B	55.5B
Non Currrent Assets Other	(271.3M)	(255.1M)	(371.8M)	(704.2M)	2.4B	2.6B
Cash And Short Term Investments	5.7B	8.1B	8.5B	10.3B	17.1B	17.9B
Net Receivables	7.3B	6.0B	9.2B	23.8B	27.2B	28.5B
Common Stock Total Equity	18.6K	21.7K	24.8K	26K	29.9K	18.6K
Common Stock Shares Outstanding	42.3M	44.7M	51.4M	50.1M	56.5M	35.7M
Liabilities And Stockholders Equity	47.8B	53.2B	73.0B	108.7B	135.8B	142.6B
Non Current Liabilities Total	2.3B	7.3B	11.0B	14.1B	21.2B	22.3B
Inventory	8.3B	9.4B	14.8B	20.8B	18.2B	19.1B
Other Current Assets	10.4B	10.2B	13.1B	13.4B	3.4B	5.7B
Other Stockholder Equity	3.9B	4.5B	4.9B	9.9B	10.7B	11.2B
Total Liab	35.4B	40.2B	58.7B	81.7B	102.3B	107.4B
Property Plant And Equipment Gross	12.6B	14.2B	21.0B	33.2B	56.1B	58.9B
Total Current Assets	31.7B	33.7B	45.5B	68.3B	82.9B	87.1B
Accumulated Other Comprehensive Income	752.7M	563.4M	545.9M	217.7M	359.6M	321.8M
Short Term Debt	16.8B	19.7B	25.7B	32.5B	40.2B	42.2B
Intangible Assets	634.3M	796.8M	1.1B	1.5B	2.4B	2.5B
Common Stock	24.8K	26.1K	26K	28K	29K	19.9K
Current Deferred Revenue	749K	4.6B	200M	814.5M	24.3B	25.5B
Other Assets	3.5B	5.0B	4.6B	3.9B	4.4B	4.7B
Long Term Debt	2.3B	7.3B	11.6B	15.5B	16.0B	16.8B
Short Term Investments	1.2B	570M	150M	104.5M	1.0B	1.1B
Property Plant Equipment	11.8B	13.6B	21.0B	33.2B	38.2B	40.1B
Other Liab	949.0M	1.1B	1.6B	2.2B	2.5B	2.6B
Net Tangible Assets	8.7B	9.2B	9.9B	14.9B	17.1B	18.0B
Long Term Investments	278.0M	194.3M	633.9M	1.7B	2.2B	2.3B
Short Long Term Debt	16.6B	19.4B	25.4B	32.2B	40.1B	42.1B
Long Term Debt Total	2.9B	7.6B	11.8B	15.6B	17.9B	18.8B
Capital Surpluse	4.6B	5.3B	5.6B	9.9B	11.4B	12.0B

Pair Trading with JinkoSolar Holding

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JinkoSolar Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JinkoSolar Holding will appreciate offsetting losses from the drop in the long position's value.

Moving against JinkoSolar Stock

0.42

WISA

WiSA Technologies

Pair Corr

The ability to find closely correlated positions to JinkoSolar Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JinkoSolar Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JinkoSolar Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JinkoSolar Holding to buy it.

The correlation of JinkoSolar Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JinkoSolar Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JinkoSolar Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for JinkoSolar Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for JinkoSolar Stock Analysis

When running JinkoSolar Holding's price analysis, check to measure JinkoSolar Holding'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 JinkoSolar Holding is operating at the current time. Most of JinkoSolar Holding's value examination focuses on studying past and present price action to predict the probability of JinkoSolar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JinkoSolar Holding's price. Additionally, you may evaluate how the addition of JinkoSolar Holding to your portfolios can decrease your overall portfolio volatility.

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