601328 Stock | | | 7.21 0.02 0.28% |
Bank of Communications financial indicator trend analysis is way more than just evaluating Bank of Communications prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Communications is a good investment. Please check the relationship between Bank of Communications Total Liab and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Communications. 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.
Total Liab vs Intangible Assets
Total Liab vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Communications Total Liab account and
Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bank of Communications' Total Liab and Intangible Assets is 0.98. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Bank of Communications, assuming nothing else is changed. The correlation between historical values of Bank of Communications' Total Liab and Intangible Assets 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 Bank of Communications are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Liab i.e., Bank of Communications' Total Liab and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Bank of Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Communications 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 Bank of Communications. 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 49.9
B. The current year's
Tax Provision is expected to grow to about 7.8
BBank of Communications fundamental ratios Correlations
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Bank of Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Communications fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Balance Sheet is a snapshot of the
financial position of Bank of Communications at a specified time, usually calculated after every quarter, six months, or one year. Bank of Communications Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Communications 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.