The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hua Xia Bank Short Term Debt account and
Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hua Xia's Short Term Debt and Common Stock is 0.88. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Hua Xia Bank, assuming nothing else is changed. The correlation between historical values of Hua Xia's Short Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Hua Xia Bank are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Debt i.e., Hua Xia's Short Term Debt and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from Hua Xia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hua Xia Bank 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 Hua Xia Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 26, 2024,
Selling General Administrative is expected to decline to about 8
B. In addition to that,
Tax Provision is expected to decline to about 7.4
BBalance Sheet is a snapshot of the
financial position of Hua Xia Bank at a specified time, usually calculated after every quarter, six months, or one year. Hua Xia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hua Xia 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 Hua currently owns. An asset can also be divided into two categories, current and non-current.