603615 Stock | | | 22.71 0.97 4.10% |
Chahua Modern financial indicator trend analysis is way more than just evaluating Chahua Modern Housewares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chahua Modern Housewares is a good investment. Please check the relationship between Chahua Modern Short Term Investments and its Intangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chahua Modern Housewares. 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.
Short Term Investments vs Intangible Assets
Short Term Investments vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chahua Modern Housewares Short Term Investments account and
Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chahua Modern's Short Term Investments and Intangible Assets is 0.66. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Chahua Modern Housewares, assuming nothing else is changed. The correlation between historical values of Chahua Modern's Short Term Investments 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 Short Term Investments of Chahua Modern Housewares 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 Short Term Investments i.e., Chahua Modern's Short Term Investments and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of Chahua Modern balance sheet. It contains any investments Chahua Modern Housewares undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Chahua Modern Housewares can easily liquidate in the marketplace.
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Chahua Modern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chahua Modern Housewares 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 Chahua Modern Housewares. 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 26, 2024,
Selling General Administrative is expected to decline to about 85.3
M. In addition to that,
Tax Provision is expected to decline to about 1.8
MChahua Modern fundamental ratios Correlations
Click cells to compare fundamentals
Chahua Modern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chahua Modern fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Chahua Stock
Balance Sheet is a snapshot of the
financial position of Chahua Modern Housewares at a specified time, usually calculated after every quarter, six months, or one year. Chahua Modern Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chahua Modern 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 Chahua currently owns. An asset can also be divided into two categories, current and non-current.