000036 Stock | | | 4.42 0.01 0.23% |
China Union financial indicator trend analysis is way more than just evaluating China Union Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Union Holdings is a good investment. Please check the relationship between China Union Treasury Stock and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Union 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 nation.
Treasury Stock vs Total Current Liabilities
Treasury Stock vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Union Holdings Treasury Stock account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Union's Treasury Stock and Total Current Liabilities is 0.55. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of China Union Holdings, assuming nothing else is changed. The correlation between historical values of China Union's Treasury Stock and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of China Union Holdings are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Treasury Stock i.e., China Union's Treasury Stock and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Treasury Stock
Total Current Liabilities
Total Current Liabilities is an item on China Union balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of China Union Holdings are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from China Union's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Union 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Union 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 nation.
The current year's
Selling General Administrative is expected to grow to about 138.3
M, whereas
Tax Provision is forecasted to decline to about 5.9
M.
China Union fundamental ratios Correlations
Click cells to compare fundamentals
China Union Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Union 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.
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Union Holdings at a specified time, usually calculated after every quarter, six months, or one year. China Union Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Union 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.