200625 Stock | | | 3.67 0.01 0.27% |
Chongqing Changan financial indicator trend analysis is way more than just evaluating Chongqing Changan prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Changan is a good investment. Please check the relationship between Chongqing Changan Capital Expenditures and its Change To Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Changan Automobile. 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.
Capital Expenditures vs Change To Liabilities
Capital Expenditures vs Change To Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Changan Capital Expenditures account and
Change To Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Chongqing Changan's Capital Expenditures and Change To Liabilities is -0.57. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Chongqing Changan Automobile, assuming nothing else is changed. The correlation between historical values of Chongqing Changan's Capital Expenditures and Change To 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 Capital Expenditures of Chongqing Changan Automobile are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Capital Expenditures i.e., Chongqing Changan's Capital Expenditures and Change To Liabilities go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Capital Expenditures
Capital Expenditures are funds used by Chongqing Changan to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Chongqing Changan operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Change To Liabilities
Most indicators from Chongqing Changan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Changan 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 Chongqing Changan Automobile. 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 1.1
B, whereas
Selling General Administrative is forecasted to decline to about 5.2
B.
Chongqing Changan fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Changan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Changan fundamental ratios Accounts
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Other Information on Investing in Chongqing Stock
Balance Sheet is a snapshot of the
financial position of Chongqing Changan at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Changan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Changan 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.