600016 Stock | | | 3.87 0.19 4.68% |
China Minsheng financial indicator trend analysis is way more than just evaluating China Minsheng Banking prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Minsheng Banking is a good investment. Please check the relationship between China Minsheng Short Term Debt and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Minsheng Banking. 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.
Short Term Debt vs Total Stockholder Equity
Short Term Debt vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Minsheng Banking Short Term Debt account and
Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between China Minsheng's Short Term Debt and Total Stockholder Equity is 0.87. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of China Minsheng Banking, assuming nothing else is changed. The correlation between historical values of China Minsheng's Short Term Debt and Total Stockholder Equity 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 China Minsheng Banking are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Term Debt i.e., China Minsheng's Short Term Debt and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Debt
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from China Minsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Minsheng Banking 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 China Minsheng Banking. 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 24, 2024,
Selling General Administrative is expected to decline to about 38
B. In addition to that,
Tax Provision is expected to decline to about 1.3
BChina Minsheng fundamental ratios Correlations
Click cells to compare fundamentals
China Minsheng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Minsheng fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Minsheng Banking at a specified time, usually calculated after every quarter, six months, or one year. China Minsheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Minsheng 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 China currently owns. An asset can also be divided into two categories, current and non-current.