000002 Stock | | | 8.69 0.04 0.46% |
China Vanke financial indicator trend analysis is way more than just evaluating China Vanke prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Vanke is a good investment. Please check the relationship between China Vanke Good Will and its Total Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Vanke Co. 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.
Good Will vs Total Current Assets
Good Will vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Vanke Good Will account and
Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Vanke's Good Will and Total Current Assets is 0.53. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of China Vanke Co, assuming nothing else is changed. The correlation between historical values of China Vanke's Good Will and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of China Vanke Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Good Will i.e., China Vanke's Good Will and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from China Vanke's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Vanke 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 China Vanke Co. 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.
At present, China Vanke's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 12.3
B, whereas
Issuance Of Capital Stock is forecasted to decline to about 15.6
B.
China Vanke fundamental ratios Correlations
Click cells to compare fundamentals
China Vanke Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Vanke 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.
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Vanke at a specified time, usually calculated after every quarter, six months, or one year. China Vanke Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Vanke and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which China currently owns. An asset can also be divided into two categories, current and non-current.