China Net Borrowings from 2010 to 2024
| CAAS Stock | USD 3.53 0.04 1.12% |
Net Borrowings | First Reported 2012-09-30 | Previous Quarter -399 K | Current Value -5.2 M | Quarterly Volatility 9.4 M |
Check China Automotive financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among China main balance sheet or income statement drivers, such as Interest Expense of 1.9 M, Other Operating Expenses of 305.6 M or Operating Income of 20.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.16, Dividend Yield of 5.0E-4 or PTB Ratio of 0.27. China financial statements analysis is a perfect complement when working with China Automotive Valuation or Volatility modules.
China | Net Borrowings |
Latest China Automotive's Net Borrowings Growth Pattern
Below is the plot of the Net Borrowings of China Automotive Systems over the last few years. It is the difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period. China Automotive's Net Borrowings historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in China Automotive's overall financial position and show how it may be relating to other accounts over time.
| Net Borrowings | 10 Years Trend |
|
Net Borrowings |
| Timeline |
China Net Borrowings Regression Statistics
| Arithmetic Mean | 2,663,251 | |
| Geometric Mean | 3,828,424 | |
| Coefficient Of Variation | 488.28 | |
| Mean Deviation | 8,435,567 | |
| Median | 765,900 | |
| Standard Deviation | 13,004,200 | |
| Sample Variance | 169.1T | |
| Range | 49.4M | |
| R-Value | (0.34) | |
| Mean Square Error | 160.5T | |
| R-Squared | 0.12 | |
| Significance | 0.21 | |
| Slope | (1,001,423) | |
| Total Sum of Squares | 2367.5T |
China Net Borrowings History
About China Automotive Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include China Automotive income statement, its balance sheet, and the statement of cash flows. China Automotive investors use historical funamental indicators, such as China Automotive's Net Borrowings, to determine how well the company is positioned to perform in the future. Although China Automotive investors may use each financial statement separately, they are all related. The changes in China Automotive's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on China Automotive's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on China Automotive Financial Statements. Understanding these patterns can help to make the right decision on long term investment in China Automotive. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Borrowings | 765.9 K | 727.6 K |
Pair Trading with China Automotive
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Automotive will appreciate offsetting losses from the drop in the long position's value.Moving together with China Stock
| 0.61 | BWA | BorgWarner Earnings Call This Week | PairCorr |
Moving against China Stock
| 0.55 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.53 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
| 0.52 | MPAA | Motorcar Parts Financial Report 11th of June 2024 | PairCorr |
The ability to find closely correlated positions to China Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Automotive Systems to buy it.
The correlation of China Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Automotive Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of China Automotive Correlation against competitors. Note that the China Automotive Systems information on this page should be used as a complementary analysis to other China Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary 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.
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Is China Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Automotive. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.582 | Earnings Share 1.25 | Revenue Per Share 19.094 | Quarterly Revenue Growth 0.236 | Return On Assets 0.0331 |
The market value of China Automotive Systems is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Automotive's value that differs from its market value or its book value, called intrinsic value, which is China Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Automotive's market value can be influenced by many factors that don't directly affect China Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.