601068 Stock | | | 4.73 0.04 0.84% |
China Aluminum financial indicator trend analysis is way more than just evaluating China Aluminum Inter prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Aluminum Inter is a good investment. Please check the relationship between China Aluminum Retained Earnings and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Aluminum International. 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.
Retained Earnings vs Other Stockholder Equity
Retained Earnings vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Aluminum Inter Retained Earnings account and
Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between China Aluminum's Retained Earnings and Other Stockholder Equity is -0.44. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of China Aluminum International, assuming nothing else is changed. The correlation between historical values of China Aluminum's Retained Earnings 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 Retained Earnings of China Aluminum International 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 Retained Earnings i.e., China Aluminum's Retained Earnings and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Other Stockholder Equity
Most indicators from China Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Aluminum Inter 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 Aluminum International. 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 27, 2024,
Selling General Administrative is expected to decline to about 256.6
M. The current year's
Tax Provision is expected to grow to about (105.3
M)
China Aluminum fundamental ratios Correlations
Click cells to compare fundamentals
China Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Aluminum 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 Aluminum Inter at a specified time, usually calculated after every quarter, six months, or one year. China Aluminum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Aluminum 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.