AIHS Stock | | | USD 0.93 0.02 2.11% |
Senmiao Technology financial indicator trend analysis is much more than just breaking down Senmiao Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Senmiao Technology is a good investment. Please check the relationship between Senmiao Technology Capital Stock and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Senmiao 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 rate.
For more information on how to buy Senmiao Stock please use our
How to Invest in Senmiao Technology guide.
Capital Stock vs Net Receivables
Capital Stock vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Senmiao Technology Capital Stock account and
Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Senmiao Technology's Capital Stock and Net Receivables is -0.27. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Senmiao Technology, assuming nothing else is changed. The correlation between historical values of Senmiao Technology's Capital Stock and Net Receivables 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 Senmiao Technology are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Stock i.e., Senmiao Technology's Capital Stock and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.27 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Net Receivables
Most indicators from Senmiao Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Senmiao 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Senmiao 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 rate.
For more information on how to buy Senmiao Stock please use our
How to Invest in Senmiao Technology guide.At this time, Senmiao Technology's
Discontinued Operations is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.74 in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.2
M in 2024.
Senmiao Technology fundamental ratios Correlations
Click cells to compare fundamentals
Senmiao Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Senmiao Technology fundamental ratios Accounts
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Additional Tools for Senmiao Stock Analysis
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measure Senmiao 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 Senmiao Technology is operating at the current time. Most of Senmiao Technology's value examination focuses on studying past and present price action to
predict the probability of Senmiao 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 Senmiao Technology's price. Additionally, you may evaluate how the addition of Senmiao Technology to your portfolios can decrease your overall portfolio volatility.