601009 Stock | | | 10.47 0.04 0.38% |
Bank of Nanjing financial indicator trend analysis is way more than just evaluating Bank of Nanjing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nanjing is a good investment. Please check the relationship between Bank of Nanjing Cash and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nanjing. 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.
Cash vs Common Stock
Cash vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Nanjing Cash account and
Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Bank of Nanjing's Cash and Common Stock is 0.43. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock in the same time period over historical financial statements of Bank of Nanjing, assuming nothing else is changed. The correlation between historical values of Bank of Nanjing's Cash and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Bank of Nanjing are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash i.e., Bank of Nanjing's Cash and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Bank of Nanjing, which is listed under current asset account on Bank of Nanjing balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Bank of Nanjing customers. The amounts must be unrestricted with restricted cash listed in a different Bank of Nanjing account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Common Stock
Most indicators from Bank of Nanjing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nanjing 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 Bank of Nanjing. 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.
As of December 23, 2024,
Selling General Administrative is expected to decline to about 3.5
B. In addition to that,
Tax Provision is expected to decline to about 2.8
BBank of Nanjing fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Nanjing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nanjing fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Balance Sheet is a snapshot of the
financial position of Bank of Nanjing at a specified time, usually calculated after every quarter, six months, or one year. Bank of Nanjing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Nanjing 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.