| 000661 Stock | | | 107.22 1.63 1.54% |
Changchun High financial indicator trend analysis is way more than just evaluating Changchun High New prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun High New is a good investment. Please check the relationship between Changchun High Net Borrowings and its Change In Working Capital accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun High New. 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.
Net Borrowings vs Change In Working Capital
Net Borrowings vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Changchun High New Net Borrowings account and
Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Changchun High's Net Borrowings and Change In Working Capital is -0.46. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of Changchun High New, assuming nothing else is changed. The correlation between historical values of Changchun High's Net Borrowings and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Changchun High New are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Borrowings i.e., Changchun High's Net Borrowings and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.46 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
Most indicators from Changchun High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun High New 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 Changchun High New. 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 3.2
B, whereas
Tax Provision is forecasted to decline to about 528.1
M.
Changchun High fundamental ratios Correlations
Click cells to compare fundamentals
Changchun High Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Changchun High fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Changchun Stock
Balance Sheet is a snapshot of the
financial position of Changchun High New at a specified time, usually calculated after every quarter, six months, or one year. Changchun High Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Changchun High 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 Changchun currently owns. An asset can also be divided into two categories, current and non-current.