| TIRX Stock | | | USD 1.69 0.05 2.87% |
Tian Ruixiang financial indicator trend analysis is much more than just breaking down Tian Ruixiang Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tian Ruixiang Holdings is a good investment. Please check the relationship between Tian Ruixiang Common Stock Total Equity and its Net Working Capital accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tian Ruixiang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Common Stock Total Equity vs Net Working Capital
Common Stock Total Equity vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tian Ruixiang Holdings Common Stock Total Equity account and
Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Tian Ruixiang's Common Stock Total Equity and Net Working Capital is -0.84. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Tian Ruixiang Holdings, assuming nothing else is changed. The correlation between historical values of Tian Ruixiang's Common Stock Total Equity and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Tian Ruixiang Holdings are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Common Stock Total Equity i.e., Tian Ruixiang's Common Stock Total Equity and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.84 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Net Working Capital
Most indicators from Tian Ruixiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tian Ruixiang Holdings 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Tian Ruixiang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Tian Ruixiang's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to rise to about 2.7
M in 2024, whereas
Tax Provision is likely to drop slightly above 126.5
K in 2024.
Tian Ruixiang fundamental ratios Correlations
Click cells to compare fundamentals
Tian Ruixiang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tian Ruixiang fundamental ratios Accounts
Also Currently Popular
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 Tian Stock Analysis
When running Tian Ruixiang's price analysis, check to
measure Tian Ruixiang'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 Tian Ruixiang is operating at the current time. Most of Tian Ruixiang's value examination focuses on studying past and present price action to
predict the probability of Tian Ruixiang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tian Ruixiang's price. Additionally, you may evaluate how the addition of Tian Ruixiang to your portfolios can decrease your overall portfolio volatility.