| 601336 Stock | | | 48.09 2.51 4.96% |
New China financial indicator trend analysis is infinitely more than just investigating New China Life recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New China Life is a good investment. Please check the relationship between New China Minority Interest and its Gross Profit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in New China Life. 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 Gross Profit
Minority Interest vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New China Life Minority Interest account and
Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between New China's Minority Interest and Gross Profit is -0.5. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Gross Profit in the same time period over historical financial statements of New China Life, assuming nothing else is changed. The correlation between historical values of New China's Minority Interest and Gross Profit 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 New China Life are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Minority Interest i.e., New China's Minority Interest and Gross Profit go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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 New China Life whose combined shares represent less than 50% of the total outstanding shares issued by New China have a minority interest in New China.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of New China Life minus its cost of goods sold. It is profit before New China operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from New China's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New China Life 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 New China Life. 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 March 1, 2025,
Selling General Administrative is expected to decline to about 2
B. The current year's
Tax Provision is expected to grow to about (2.7
B)
New China fundamental ratios Correlations
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New China Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New China fundamental ratios Accounts
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Other Information on Investing in New Stock
Balance Sheet is a snapshot of the
financial position of New China Life at a specified time, usually calculated after every quarter, six months, or one year. New China Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New China 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 New currently owns. An asset can also be divided into two categories, current and non-current.