| 000839 Stock | | | 2.89 0.06 2.03% |
CITIC Guoan financial indicator trend analysis is way more than just evaluating CITIC Guoan Information prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CITIC Guoan Information is a good investment. Please check the relationship between CITIC Guoan Minority Interest and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CITIC Guoan Information. 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.
Minority Interest vs Income Before Tax
Minority Interest vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CITIC Guoan Information Minority Interest account and
Income Before Tax. At this time, the significance of the direction appears to have no relationship.
The correlation between CITIC Guoan's Minority Interest and Income Before Tax is 0.06. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of CITIC Guoan Information, assuming nothing else is changed. The correlation between historical values of CITIC Guoan's Minority Interest and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of CITIC Guoan Information are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Minority Interest i.e., CITIC Guoan's Minority Interest and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.06 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of CITIC Guoan Information whose combined shares represent less than 50% of the total outstanding shares issued by CITIC Guoan have a minority interest in CITIC Guoan.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on CITIC Guoan income statement and is an important metric when analyzing CITIC Guoan Information profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from CITIC Guoan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CITIC Guoan Information 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 CITIC Guoan Information. 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
Tax Provision is expected to grow to about 74.2
M, whereas
Selling General Administrative is forecasted to decline to about 75.6
M.
CITIC Guoan fundamental ratios Correlations
Click cells to compare fundamentals
CITIC Guoan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CITIC Guoan 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 CITIC Stock
Balance Sheet is a snapshot of the
financial position of CITIC Guoan Information at a specified time, usually calculated after every quarter, six months, or one year. CITIC Guoan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CITIC Guoan 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 CITIC currently owns. An asset can also be divided into two categories, current and non-current.