600158 Stock | | | 8.56 0.13 1.50% |
China Sports financial indicator trend analysis is way more than just evaluating China Sports Industry prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Sports Industry is a good investment. Please check the relationship between China Sports Total Stockholder Equity and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Sports Industry. 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 Stockholder Equity vs Other Stockholder Equity
Total Stockholder Equity vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Sports Industry Total Stockholder Equity account and
Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between China Sports' Total Stockholder Equity and Other Stockholder Equity is -0.16. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of China Sports Industry, assuming nothing else is changed. The correlation between historical values of China Sports' Total Stockholder Equity and Other Stockholder Equity 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 Stockholder Equity of China Sports Industry are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., China Sports' Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Other Stockholder Equity
Most indicators from China Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Sports Industry 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 Sports Industry. 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 256.3
M, whereas
Selling General Administrative is forecasted to decline to about 92.9
M.
China Sports fundamental ratios Correlations
Click cells to compare fundamentals
China Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Sports fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
Balance Sheet is a snapshot of the
financial position of China Sports Industry at a specified time, usually calculated after every quarter, six months, or one year. China Sports Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Sports 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.