000881 Stock | | | 7.92 0.20 2.46% |
CGN Nuclear financial indicator trend analysis is way more than just evaluating CGN Nuclear Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CGN Nuclear Technology is a good investment. Please check the relationship between CGN Nuclear Long Term Investments and its Other Current Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CGN Nuclear Technology. 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.
Long Term Investments vs Other Current Assets
Long Term Investments vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CGN Nuclear Technology Long Term Investments account and
Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CGN Nuclear's Long Term Investments and Other Current Assets is 0.42. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of CGN Nuclear Technology, assuming nothing else is changed. The correlation between historical values of CGN Nuclear's Long Term Investments and Other Current 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 Long Term Investments of CGN Nuclear Technology are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Investments i.e., CGN Nuclear's Long Term Investments and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Investments
Long Term Investments is an item on the asset side of CGN Nuclear balance sheet that represents investments CGN Nuclear Technology intends to hold for over a year. CGN Nuclear Technology long term investments may include different instruments such as stocks, bonds, real estate and cash.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from CGN Nuclear's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CGN Nuclear Technology 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 CGN Nuclear Technology. 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 74.9
M, whereas
Discontinued Operations is forecasted to decline to (43.6
K).
CGN Nuclear fundamental ratios Correlations
Click cells to compare fundamentals
CGN Nuclear Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CGN Nuclear fundamental ratios Accounts
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Other Information on Investing in CGN Stock
Balance Sheet is a snapshot of the
financial position of CGN Nuclear Technology at a specified time, usually calculated after every quarter, six months, or one year. CGN Nuclear Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CGN Nuclear 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 CGN currently owns. An asset can also be divided into two categories, current and non-current.