600132 Stock | | | 61.76 0.94 1.55% |
Chongqing Brewery financial indicator trend analysis is way more than just evaluating Chongqing Brewery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Brewery is a good investment. Please check the relationship between Chongqing Brewery Investments and its Free Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Brewery Co. 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.
Investments vs Free Cash Flow
Investments vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Brewery Investments account and
Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chongqing Brewery's Investments and Free Cash Flow is -0.29. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Chongqing Brewery Co, assuming nothing else is changed. The correlation between historical values of Chongqing Brewery's Investments and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Chongqing Brewery Co are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Investments i.e., Chongqing Brewery's Investments and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Chongqing Brewery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Brewery 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 Brewery Co. 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 current year's
Selling General Administrative is expected to grow to about 2.9
B, whereas
Tax Provision is forecasted to decline to about 342.6
M.
Chongqing Brewery fundamental ratios Correlations
Click cells to compare fundamentals
Chongqing Brewery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chongqing Brewery 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 Brewery at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Brewery Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Brewery 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.