601187 Stock | | | 5.56 0.03 0.54% |
Xiamen Bank financial indicator trend analysis is more than just analyzing Xiamen Bank current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Bank is a good investment. Please check the relationship between Xiamen Bank Long Term Investments and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Bank 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.
Long Term Investments vs Non Current Assets Total
Long Term Investments vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xiamen Bank Long Term Investments account and
Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xiamen Bank's Long Term Investments and Non Current Assets Total is 0.98. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Xiamen Bank Co, assuming nothing else is changed. The correlation between historical values of Xiamen Bank's Long Term Investments and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Xiamen Bank Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Investments i.e., Xiamen Bank's Long Term Investments and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Xiamen Bank balance sheet that represents investments Xiamen Bank intends to hold for over a year. Xiamen Bank Co long term investments may include different instruments such as stocks, bonds, real estate and cash.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Xiamen Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen Bank 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 Xiamen Bank 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 2.3
B, whereas
Tax Provision is projected to grow to (105.1
M).
Xiamen Bank fundamental ratios Correlations
Click cells to compare fundamentals
Xiamen Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xiamen Bank fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Xiamen Stock
Balance Sheet is a snapshot of the
financial position of Xiamen Bank at a specified time, usually calculated after every quarter, six months, or one year. Xiamen Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xiamen Bank 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 Xiamen currently owns. An asset can also be divided into two categories, current and non-current.