China Common Stock vs Short Term Investments Analysis

601998 Stock

6.60 0.12 1.79%

China Citic financial indicator trend analysis is way more than just evaluating China Citic Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Citic Bank is a good investment. Please check the relationship between China Citic Common Stock and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Citic 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 nation.

Common Stock vs Short Term Investments

Common Stock vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Citic Bank Common Stock account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between China Citic's Common Stock and Short Term Investments is 0.1. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of China Citic Bank, assuming nothing else is changed. The correlation between historical values of China Citic's Common Stock and Short 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 of China Citic Bank are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock i.e., China Citic's Common Stock and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Common Stock

Short Term Investments

Short Term Investments is an item under the current assets section of China Citic balance sheet. It contains any investments China Citic Bank undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that China Citic Bank can easily liquidate in the marketplace.

Most indicators from China Citic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Citic 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 Citic 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 nation.

The current year's Selling General Administrative is expected to grow to about 35.8 B. The current year's Tax Provision is expected to grow to about 7.3 B

	2023	2024 (projected)
Operating Income	63.6B	66.8B
Total Revenue	205.2B	142.8B

Operating Income Total Revenue

China Citic fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Cash	Other Assets	Long Term Debt	Short Term Investments	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Good Will	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Accounts Payable	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.86	0.14	0.43	0.83	0.84	-0.48	1.0	0.73	0.72	0.77	0.94	0.39	0.46	0.84	0.84	0.79	0.69	0.46	-0.39	0.63	-0.8	0.56	0.87	0.81	0.87
Total Stockholder Equity	0.86		0.05	0.4	0.96	0.96	-0.57	0.85	0.95	0.61	0.95	0.81	0.6	0.51	0.88	0.87	0.84	0.73	0.54	-0.65	0.86	-0.87	0.64	0.87	0.86	0.87
Other Liab	0.14	0.05		-0.01	-0.18	0.02	0.66	0.15	0.15	0.52	-0.06	0.08	-0.48	-0.32	-0.07	-0.08	-0.05	-0.27	-0.19	0.06	-0.09	0.19	-0.05	-0.13	-0.02	-0.13
Cash	0.43	0.4	-0.01		0.39	0.35	-0.29	0.43	0.29	0.18	0.4	0.55	-0.07	0.09	0.44	0.47	0.42	0.29	0.1	-0.22	0.42	-0.4	0.33	0.4	0.38	0.4
Other Assets	0.83	0.96	-0.18	0.39		0.95	-0.76	0.83	0.85	0.48	0.92	0.82	0.72	0.54	0.86	0.84	0.79	0.74	0.63	-0.56	0.79	-0.89	0.56	0.91	0.87	0.91
Long Term Debt	0.84	0.96	0.02	0.35	0.95		-0.65	0.84	0.87	0.57	0.9	0.86	0.6	0.55	0.81	0.81	0.74	0.75	0.66	-0.56	0.76	-0.92	0.58	0.9	0.78	0.9
Short Term Investments	-0.48	-0.57	0.66	-0.29	-0.76	-0.65		-0.48	-0.43	0.1	-0.62	-0.53	-0.74	-0.44	-0.61	-0.62	-0.55	-0.59	-0.54	0.36	-0.54	0.74	-0.42	-0.72	-0.58	-0.72
Total Liab	1.0	0.85	0.15	0.43	0.83	0.84	-0.48		0.72	0.72	0.77	0.94	0.39	0.46	0.84	0.84	0.79	0.68	0.46	-0.39	0.62	-0.8	0.55	0.87	0.81	0.87
Intangible Assets	0.73	0.95	0.15	0.29	0.85	0.87	-0.43	0.72		0.57	0.94	0.64	0.53	0.37	0.86	0.85	0.84	0.62	0.38	-0.79	0.9	-0.79	0.73	0.75	0.81	0.75
Common Stock	0.72	0.61	0.52	0.18	0.48	0.57	0.1	0.72	0.57		0.44	0.66	0.02	0.23	0.43	0.41	0.39	0.34	0.32	-0.18	0.3	-0.4	0.22	0.47	0.45	0.47
Property Plant Equipment	0.77	0.95	-0.06	0.4	0.92	0.9	-0.62	0.77	0.94	0.44		0.73	0.58	0.55	0.93	0.91	0.91	0.78	0.4	-0.8	0.93	-0.89	0.76	0.83	0.85	0.83
Retained Earnings	0.94	0.81	0.08	0.55	0.82	0.86	-0.53	0.94	0.64	0.66	0.73		0.32	0.55	0.75	0.75	0.67	0.71	0.57	-0.29	0.54	-0.83	0.44	0.87	0.72	0.87
Good Will	0.39	0.6	-0.48	-0.07	0.72	0.6	-0.74	0.39	0.53	0.02	0.58	0.32		0.48	0.56	0.51	0.5	0.52	0.65	-0.37	0.55	-0.58	0.27	0.66	0.66	0.66
Other Current Liab	0.46	0.51	-0.32	0.09	0.54	0.55	-0.44	0.46	0.37	0.23	0.55	0.55	0.48		0.48	0.46	0.43	0.91	0.57	-0.31	0.45	-0.65	0.28	0.58	0.39	0.58
Total Current Liabilities	0.84	0.88	-0.07	0.44	0.86	0.81	-0.61	0.84	0.86	0.43	0.93	0.75	0.56	0.48		0.99	0.99	0.76	0.33	-0.74	0.89	-0.87	0.81	0.87	0.91	0.87
Net Tangible Assets	0.84	0.87	-0.08	0.47	0.84	0.81	-0.62	0.84	0.85	0.41	0.91	0.75	0.51	0.46	0.99		0.97	0.77	0.32	-0.74	0.9	-0.88	0.85	0.86	0.85	0.86
Accounts Payable	0.79	0.84	-0.05	0.42	0.79	0.74	-0.55	0.79	0.84	0.39	0.91	0.67	0.5	0.43	0.99	0.97		0.71	0.19	-0.79	0.9	-0.8	0.85	0.79	0.88	0.79
Net Receivables	0.69	0.73	-0.27	0.29	0.74	0.75	-0.59	0.68	0.62	0.34	0.78	0.71	0.52	0.91	0.76	0.77	0.71		0.55	-0.54	0.71	-0.86	0.59	0.77	0.59	0.77
Inventory	0.46	0.54	-0.19	0.1	0.63	0.66	-0.54	0.46	0.38	0.32	0.4	0.57	0.65	0.57	0.33	0.32	0.19	0.55		0.07	0.22	-0.62	-0.08	0.72	0.46	0.72
Other Current Assets	-0.39	-0.65	0.06	-0.22	-0.56	-0.56	0.36	-0.39	-0.79	-0.18	-0.8	-0.29	-0.37	-0.31	-0.74	-0.74	-0.79	-0.54	0.07		-0.9	0.59	-0.9	-0.42	-0.54	-0.42
Other Stockholder Equity	0.63	0.86	-0.09	0.42	0.79	0.76	-0.54	0.62	0.9	0.3	0.93	0.54	0.55	0.45	0.89	0.9	0.9	0.71	0.22	-0.9		-0.77	0.86	0.68	0.75	0.68
Deferred Long Term Liab	-0.8	-0.87	0.19	-0.4	-0.89	-0.92	0.74	-0.8	-0.79	-0.4	-0.89	-0.83	-0.58	-0.65	-0.87	-0.88	-0.8	-0.86	-0.62	0.59	-0.77		-0.69	-0.94	-0.76	-0.94
Long Term Investments	0.56	0.64	-0.05	0.33	0.56	0.58	-0.42	0.55	0.73	0.22	0.76	0.44	0.27	0.28	0.81	0.85	0.85	0.59	-0.08	-0.9	0.86	-0.69		0.52	0.53	0.52
Short Long Term Debt	0.87	0.87	-0.13	0.4	0.91	0.9	-0.72	0.87	0.75	0.47	0.83	0.87	0.66	0.58	0.87	0.86	0.79	0.77	0.72	-0.42	0.68	-0.94	0.52		0.88	1.0
Total Current Assets	0.81	0.86	-0.02	0.38	0.87	0.78	-0.58	0.81	0.81	0.45	0.85	0.72	0.66	0.39	0.91	0.85	0.88	0.59	0.46	-0.54	0.75	-0.76	0.53	0.88		0.88
Short Term Debt	0.87	0.87	-0.13	0.4	0.91	0.9	-0.72	0.87	0.75	0.47	0.83	0.87	0.66	0.58	0.87	0.86	0.79	0.77	0.72	-0.42	0.68	-0.94	0.52	1.0	0.88

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China Citic Account Relationship Matchups

China Citic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.8T	7.5T	8.0T	8.5T	9.1T	4.6T
Total Stockholder Equity	517.3B	544.6B	626.3B	665.4B	717.2B	753.1B
Other Liab	49.4B	26.8B	37.1B	48.1B	55.3B	42.9B
Cash	795.9B	743.2B	6.7T	780.4B	746.9B	776.6B
Other Assets	3.6T	4.0T	4.4T	4.8T	5.5T	5.8T
Total Liab	6.2T	7.0T	7.4T	7.9T	8.3T	4.3T
Intangible Assets	2.8B	3.5B	3.8B	4.6B	5.4B	5.7B
Property Plant Equipment	21.4B	33.8B	45.4B	44.8B	51.5B	54.1B
Retained Earnings	324.0B	358.2B	398.4B	285.5B	320.6B	201.0B
Good Will	912M	860M	833M	903M	926M	947.0M
Other Current Liab	2.5B	19.6B	12.6B	5.9B	6.8B	8.6B
Total Current Liabilities	5.4T	6.1T	6.7T	7.1T	8.2T	6.3T
Net Tangible Assets	397.9B	478.6B	506.2B	587.6B	675.7B	469.7B
Accounts Payable	4.4T	5.0T	5.7T	5.9T	6.8T	5.3T
Net Receivables	3.5B	13.1B	8.7B	7.5B	8.6B	6.9B
Inventory	2.2B	2.3B	1.4B	1.3B	1.5B	1.9B
Other Current Assets	564.2B	527.7B	491.3B	492.2B	443.0B	439.6B
Other Stockholder Equity	5.4B	50.5B	43.6B	85.1B	97.8B	102.7B
Deferred Long Term Liab	871M	663M	638M	767M	690.3M	882.7M
Long Term Investments	1.9T	2.1T	2.4T	2.6T	2.6T	2.0T
Total Current Assets	1.2T	1.1T	1.4T	1.4T	1.6T	1.4T
Net Debt	317.6B	47.5B	339.7B	265.6B	305.4B	265.5B
Common Stock Shares Outstanding	48.9B	48.9B	48.9B	48.9B	49.0B	53.8B
Net Invested Capital	1.2T	1.3T	669.7B	1.7T	1.7T	1.3T

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Other Information on Investing in China Stock

Balance Sheet is a snapshot of the financial position of China Citic Bank at a specified time, usually calculated after every quarter, six months, or one year. China Citic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Citic 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.

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China Common Stock vs Short Term Investments Analysis

Common Stock vs Short Term Investments

Common Stock vs Short Term Investments Correlation Analysis

Correlation Coefficient

Common Stock

Short Term Investments

China Citic fundamental ratios Correlations

China Citic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Citic fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

COMMON DESTINATIONS

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Total Liab	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt
Net Tangible Assets	+ 0.99	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities
Accounts Payable	+ 0.97	Net Tangible Assets
Other Assets	+ 0.96	Total Stockholder Equity

Short Term Debt	- 0.94	Deferred Long Term Liab
Short Long Term Debt	- 0.94	Deferred Long Term Liab
Deferred Long Term Liab	- 0.92	Long Term Debt
Long Term Investments	- 0.9	Other Current Assets
Other Stockholder Equity	- 0.9	Other Current Assets
Deferred Long Term Liab	- 0.89	Property Plant Equipment