603559 Stock | | | 11.31 0.41 3.50% |
Zhongtong Guomai financial indicator trend analysis is more than just analyzing Zhongtong Guomai Com current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongtong Guomai Com is a good investment. Please check the relationship between Zhongtong Guomai Ebit and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongtong Guomai Communication. 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.
Ebit vs Minority Interest
Ebit vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zhongtong Guomai Com Ebit account and
Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zhongtong Guomai's Ebit and Minority Interest is -0.16. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Zhongtong Guomai Communication, assuming nothing else is changed. The correlation between historical values of Zhongtong Guomai's Ebit and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Zhongtong Guomai Communication are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebit i.e., Zhongtong Guomai's Ebit and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ebit
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Zhongtong Guomai Communication whose combined shares represent less than 50% of the total outstanding shares issued by Zhongtong Guomai have a minority interest in Zhongtong Guomai.
Most indicators from Zhongtong Guomai's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongtong Guomai Com 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 Zhongtong Guomai Communication. 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 17.3
M, whereas
Tax Provision is projected to grow to (1.7
M).
Zhongtong Guomai fundamental ratios Correlations
Click cells to compare fundamentals
Zhongtong Guomai Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zhongtong Guomai fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongtong Stock
Balance Sheet is a snapshot of the
financial position of Zhongtong Guomai Com at a specified time, usually calculated after every quarter, six months, or one year. Zhongtong Guomai Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhongtong Guomai 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 Zhongtong currently owns. An asset can also be divided into two categories, current and non-current.