600106 Stock | | | 6.68 0.09 1.37% |
Chongqing Road financial indicator trend analysis is way more than just evaluating Chongqing Road Bridge prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Road Bridge is a good investment. Please check the relationship between Chongqing Road Total Liab and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Road Bridge. 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.
Total Liab vs Other Stockholder Equity
Total Liab vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Road Bridge Total Liab account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Chongqing Road's Total Liab and Other Stockholder Equity is -0.03. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Chongqing Road Bridge, assuming nothing else is changed. The correlation between historical values of Chongqing Road's Total Liab and Other 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 Total Liab of Chongqing Road Bridge are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Liab i.e., Chongqing Road's Total Liab and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Other Stockholder Equity
Most indicators from Chongqing Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Road Bridge 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 Chongqing Road Bridge. 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.
The current year's
Selling General Administrative is expected to grow to about 9.1
M. The current year's
Tax Provision is expected to grow to about 28.6
MChongqing Road fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Road Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Road fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Balance Sheet is a snapshot of the
financial position of Chongqing Road Bridge at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Road Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Road 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.