601336 Stock | | | 51.05 1.55 3.13% |
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 Total Operating Expenses and its Total Revenue 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.
Total Operating Expenses vs Total Revenue
Total Operating Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
New China Life Total Operating Expenses account and
Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between New China's Total Operating Expenses and Total Revenue is 0.72. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Total Revenue 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 Total Operating Expenses and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of New China Life are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Operating Expenses i.e., New China's Total Operating Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Total Revenue
Total revenue comprises all receipts New China Life generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
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 February 27, 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
Click cells to compare fundamentals
New China Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New China fundamental ratios Accounts
Currently Active Assets on Macroaxis
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.