601077 Stock | | | 5.75 0.09 1.59% |
Chongqing Rural financial indicator trend analysis is way more than just evaluating Chongqing Rural Comm prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Rural Comm is a good investment. Please check the relationship between Chongqing Rural Other Liab and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Rural Commercial. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Rural Comm Other Liab account and
Other Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chongqing Rural's Other Liab and Other Assets is 0.94. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Chongqing Rural Commercial, assuming nothing else is changed. The correlation between historical values of Chongqing Rural's Other Liab and Other 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 Other Liab of Chongqing Rural Commercial are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Liab i.e., Chongqing Rural's Other Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Most indicators from Chongqing Rural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Rural Comm 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 Rural Commercial. 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 1.6
B, whereas
Selling General Administrative is forecasted to decline to about 2
B.
Balance Sheet is a snapshot of the
financial position of Chongqing Rural Comm at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Rural Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Rural 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.