600084 Stock | | | 6.19 0.08 1.31% |
Citic Guoan financial indicator trend analysis is way more than just evaluating Citic Guoan Wine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Citic Guoan Wine is a good investment. Please check the relationship between Citic Guoan Non Current Liabilities Total and its Other Current Liab accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Citic Guoan Wine. 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 overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Citic Guoan Wine Non Current Liabilities Total account and
Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Citic Guoan's Non Current Liabilities Total and Other Current Liab is 0.65. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Citic Guoan Wine, assuming nothing else is changed. The correlation between historical values of Citic Guoan's Non Current Liabilities Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Citic Guoan Wine are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Liabilities Total i.e., Citic Guoan's Non Current Liabilities Total and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Most indicators from Citic Guoan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Citic Guoan Wine 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 Citic Guoan Wine. 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 December 2, 2024,
Selling General Administrative is expected to decline to about 43.4
M. In addition to that,
Tax Provision is expected to decline to about 33.8
KBalance Sheet is a snapshot of the
financial position of Citic Guoan Wine at a specified time, usually calculated after every quarter, six months, or one year. Citic Guoan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Citic Guoan 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 Citic currently owns. An asset can also be divided into two categories, current and non-current.