601238 Stock | | | 9.36 0.19 2.07% |
Guangzhou Automobile financial indicator trend analysis is much more than just examining Guangzhou Automobile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangzhou Automobile is a good investment. Please check the relationship between Guangzhou Automobile Common Stock and its Other Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangzhou Automobile Group. 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
Guangzhou Automobile Common Stock account and
Other Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangzhou Automobile's Common Stock and Other Assets is 0.82. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of Guangzhou Automobile Group, assuming nothing else is changed. The correlation between historical values of Guangzhou Automobile's Common Stock 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 Common Stock of Guangzhou Automobile Group 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 Common Stock i.e., Guangzhou Automobile's Common Stock and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Guangzhou Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangzhou Automobile 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 Guangzhou Automobile Group. 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.
As of December 25, 2024,
Selling General Administrative is expected to decline to about 4.8
B. The current year's
Tax Provision is expected to grow to about (204.7
M)
Balance Sheet is a snapshot of the
financial position of Guangzhou Automobile at a specified time, usually calculated after every quarter, six months, or one year. Guangzhou Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangzhou Automobile 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 Guangzhou currently owns. An asset can also be divided into two categories, current and non-current.