CBAT Stock | | | USD 0.89 0.02 2.30% |
CBAK Energy financial indicator trend analysis is way more than just evaluating CBAK Energy Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CBAK Energy Technology is a good investment. Please check the relationship between CBAK Energy Total Revenue and its Selling General Administrative accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CBAK Energy Technology. 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 Revenue vs Selling General Administrative
Total Revenue vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CBAK Energy Technology Total Revenue account and
Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between CBAK Energy's Total Revenue and Selling General Administrative is 0.68. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of CBAK Energy Technology, assuming nothing else is changed. The correlation between historical values of CBAK Energy's Total Revenue and Selling General Administrative 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 Revenue of CBAK Energy Technology are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Revenue i.e., CBAK Energy's Total Revenue and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts CBAK Energy Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Selling General Administrative
Most indicators from CBAK Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CBAK Energy Technology 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 CBAK Energy Technology. 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.
At this time, CBAK Energy's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 7.30 in 2024, despite the fact that
Tax Provision is likely to grow to (2.2
M).
CBAK Energy fundamental ratios Correlations
Click cells to compare fundamentals
CBAK Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CBAK Energy fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for CBAK Stock Analysis
When running CBAK Energy's price analysis, check to
measure CBAK Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CBAK Energy is operating at the current time. Most of CBAK Energy's value examination focuses on studying past and present price action to
predict the probability of CBAK Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CBAK Energy's price. Additionally, you may evaluate how the addition of CBAK Energy to your portfolios can decrease your overall portfolio volatility.