CAAS Stock | | | USD 4.13 0.26 6.72% |
China Automotive financial indicator trend analysis is way more than just evaluating China Automotive Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Automotive Systems is a good investment. Please check the relationship between China Automotive Other Assets and its Short Term Investments accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in China Automotive Systems. 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.
Other Assets vs Short Term Investments
Other Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
China Automotive Systems Other Assets account and
Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between China Automotive's Other Assets and Short Term Investments is -0.07. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of China Automotive Systems, assuming nothing else is changed. The correlation between historical values of China Automotive's Other Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of China Automotive Systems are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Assets i.e., China Automotive's Other Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Assets
Short Term Investments
Short Term Investments is an item under the current assets section of China Automotive balance sheet. It contains any investments China Automotive Systems undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that China Automotive Systems can easily liquidate in the marketplace.
Most indicators from China Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Automotive Systems 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 Automotive Systems. 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.
At this time, China Automotive's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 214.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 18.4
M in 2024.
China Automotive fundamental ratios Correlations
Click cells to compare fundamentals
China Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Automotive fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for China Stock Analysis
When running China Automotive's price analysis, check to
measure China Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Automotive is operating at the current time. Most of China Automotive's value examination focuses on studying past and present price action to
predict the probability of China Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Automotive's price. Additionally, you may evaluate how the addition of China Automotive to your portfolios can decrease your overall portfolio volatility.