| 000839 Stock | | | 3.51 0.09 2.63% |
CITIC Guoan financial indicator trend analysis is way more than just evaluating CITIC Guoan Information prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CITIC Guoan Information is a good investment. Please check the relationship between CITIC Guoan Capital Expenditures and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in CITIC Guoan Information. 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.
Capital Expenditures vs Net Income
Capital Expenditures vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
CITIC Guoan Information Capital Expenditures account and
Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CITIC Guoan's Capital Expenditures and Net Income is 0.54. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of CITIC Guoan Information, assuming nothing else is changed. The correlation between historical values of CITIC Guoan's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of CITIC Guoan Information are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., CITIC Guoan's Capital Expenditures and Net Income go up and down completely randomly.
Correlation Coefficient | 0.54 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by CITIC Guoan Information to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of CITIC Guoan operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in CITIC Guoan Information financial statement analysis. It represents the amount of money remaining after all of CITIC Guoan Information operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from CITIC Guoan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CITIC Guoan Information 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 CITIC Guoan Information. 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
Tax Provision is expected to grow to about 74.2
M, whereas
Selling General Administrative is forecasted to decline to about 65.8
M.
CITIC Guoan fundamental ratios Correlations
Click cells to compare fundamentals
CITIC Guoan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CITIC Guoan fundamental ratios Accounts
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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 CITIC Stock
Balance Sheet is a snapshot of the
financial position of CITIC Guoan Information at a specified time, usually calculated after every quarter, six months, or one year. CITIC Guoan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CITIC Guoan 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 CITIC currently owns. An asset can also be divided into two categories, current and non-current.