HHPD Stock | | | 13.48 0.48 3.69% |
Hon Hai financial indicator trend analysis is much more than just examining Hon Hai Precision latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hon Hai Precision is a good investment. Please check the relationship between Hon Hai Total Liab and its Retained Earnings accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hon Hai Precision. 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.
Total Liab vs Retained Earnings
Total Liab vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hon Hai Precision Total Liab account and
Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hon Hai's Total Liab and Retained Earnings is 0.93. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Hon Hai Precision, assuming nothing else is changed. The correlation between historical values of Hon Hai's Total Liab and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Hon Hai Precision are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Liab i.e., Hon Hai's Total Liab and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Hon Hai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hon Hai Precision 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 Hon Hai Precision. 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.
Selling General Administrative is likely to drop to about 64.4
B in 2024.
Tax Provision is likely to drop to about 30.2
B in 2024
Hon Hai fundamental ratios Correlations
Click cells to compare fundamentals
Hon Hai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hon Hai fundamental ratios Accounts
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