601009 Stock | | | 10.47 0.04 0.38% |
Bank of Nanjing financial indicator trend analysis is way more than just evaluating Bank of Nanjing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Nanjing is a good investment. Please check the relationship between Bank of Nanjing Short Term Investments and its Preferred Stock Total Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nanjing. 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 Preferred Stock Total Equity
Short Term Investments vs Preferred Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Nanjing Short Term Investments account and
Preferred Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bank of Nanjing's Short Term Investments and Preferred Stock Total Equity is -0.66. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Preferred Stock Total Equity in the same time period over historical financial statements of Bank of Nanjing, assuming nothing else is changed. The correlation between historical values of Bank of Nanjing's Short Term Investments and Preferred Stock Total 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 Short Term Investments of Bank of Nanjing are associated (or correlated) with its Preferred Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Preferred Stock Total Equity has no effect on the direction of Short Term Investments i.e., Bank of Nanjing's Short Term Investments and Preferred Stock Total Equity go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Bank of Nanjing balance sheet. It contains any investments Bank of Nanjing undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Bank of Nanjing can easily liquidate in the marketplace.
Preferred Stock Total Equity
Most indicators from Bank of Nanjing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Nanjing 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 Bank of Nanjing. 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 December 23, 2024,
Selling General Administrative is expected to decline to about 3.5
B. In addition to that,
Tax Provision is expected to decline to about 2.8
BBank of Nanjing fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Nanjing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nanjing fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Balance Sheet is a snapshot of the
financial position of Bank of Nanjing at a specified time, usually calculated after every quarter, six months, or one year. Bank of Nanjing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of Nanjing 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.