601916 Stock | | | 2.90 0.02 0.69% |
China Zheshang financial indicator trend analysis is way more than just evaluating China Zheshang Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Zheshang Bank is a good investment. Please check the relationship between China Zheshang Common Stock Shares Outstanding and its Long Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Zheshang Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Common Stock Shares Outstanding vs Long Term Investments
Common Stock Shares Outstanding vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Zheshang Bank Common Stock Shares Outstanding account and
Long Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between China Zheshang's Common Stock Shares Outstanding and Long Term Investments is 0.88. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of China Zheshang Bank, assuming nothing else is changed. The correlation between historical values of China Zheshang's Common Stock Shares Outstanding and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of China Zheshang Bank are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., China Zheshang's Common Stock Shares Outstanding and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Long Term Investments
Long Term Investments is an item on the asset side of China Zheshang balance sheet that represents investments China Zheshang Bank intends to hold for over a year. China Zheshang Bank long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from China Zheshang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Zheshang 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 China Zheshang Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
As of November 30, 2024,
Tax Provision is expected to decline to about 1.8
B. In addition to that,
Selling General Administrative is expected to decline to about 3.5
BChina Zheshang fundamental ratios Correlations
Click cells to compare fundamentals
China Zheshang Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Zheshang 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 Zheshang Bank at a specified time, usually calculated after every quarter, six months, or one year. China Zheshang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Zheshang 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.