600028 Stock | | | 6.33 0.06 0.96% |
China Petroleum financial indicator trend analysis is way more than just evaluating China Petroleum Chemical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Petroleum Chemical is a good investment. Please check the relationship between China Petroleum Begin Period Cash Flow and its Dividends Paid accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Petroleum Chemical. 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.
Begin Period Cash Flow vs Dividends Paid
Begin Period Cash Flow vs Dividends Paid Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Petroleum Chemical Begin Period Cash Flow account and
Dividends Paid. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Petroleum's Begin Period Cash Flow and Dividends Paid is -0.36. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Dividends Paid in the same time period over historical financial statements of China Petroleum Chemical, assuming nothing else is changed. The correlation between historical values of China Petroleum's Begin Period Cash Flow and Dividends Paid is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of China Petroleum Chemical are associated (or correlated) with its Dividends Paid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividends Paid has no effect on the direction of Begin Period Cash Flow i.e., China Petroleum's Begin Period Cash Flow and Dividends Paid go up and down completely randomly.
Correlation Coefficient | -0.36 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.
Most indicators from China Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Petroleum Chemical 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 Petroleum Chemical. 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 November 26, 2024,
Selling General Administrative is expected to decline to about 54.4
B. In addition to that,
Tax Provision is expected to decline to about 13.9
BChina Petroleum fundamental ratios Correlations
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China Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Petroleum fundamental ratios Accounts
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Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Petroleum Chemical at a specified time, usually calculated after every quarter, six months, or one year. China Petroleum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Petroleum 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.