601577 Stock | | | 8.78 0.03 0.34% |
Bank of Changsha financial indicator trend analysis is way more than just evaluating Bank of Changsha prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Changsha is a good investment. Please check the relationship between Bank of Changsha Long Term Investments and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Changsha. 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 Net Debt
Long Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Changsha Long Term Investments account and
Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bank of Changsha's Long Term Investments and Net Debt is 0.96. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Bank of Changsha, assuming nothing else is changed. The correlation between historical values of Bank of Changsha's Long Term Investments and Net Debt 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 Bank of Changsha are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Investments i.e., Bank of Changsha's Long Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of Bank of Changsha balance sheet that represents investments Bank of Changsha intends to hold for over a year. Bank of Changsha long term investments may include different instruments such as stocks, bonds, real estate and cash.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Bank of Changsha's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Changsha 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 Changsha. 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 December 12, 2024,
Selling General Administrative is expected to decline to about 5.4
B. In addition to that,
Tax Provision is expected to decline to about 1.4
BBank of Changsha fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Changsha Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Changsha 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 Changsha at a specified time, usually calculated after every quarter, six months, or one year. Bank of Changsha Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Changsha 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.