China Net Tangible Assets from 2010 to 2024
| CHNR Stock | USD 0.97 0.03 3.00% |
Net Tangible Assets | First Reported 2010-12-31 | Previous Quarter 49 M | Current Value 51.5 M | Quarterly Volatility 72.3 M |
Check China Natural 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 3.9 M, Total Revenue of 17.4 M or Gross Profit of 5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.0502 or PTB Ratio of 1.04. China financial statements analysis is a perfect complement when working with China Natural Valuation or Volatility modules.
China | Net Tangible Assets |
Latest China Natural's Net Tangible Assets Growth Pattern
Below is the plot of the Net Tangible Assets of China Natural Resources over the last few years. It is the total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company. China Natural's Net Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in China Natural's overall financial position and show how it may be relating to other accounts over time.
| Net Tangible Assets | 10 Years Trend |
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Net Tangible Assets |
| Timeline |
China Net Tangible Assets Regression Statistics
| Arithmetic Mean | 60,832,952 | |
| Geometric Mean | 49,540,537 | |
| Coefficient Of Variation | 118.87 | |
| Mean Deviation | 59,335,632 | |
| Median | 51,497,775 | |
| Standard Deviation | 72,310,999 | |
| Sample Variance | 5228.9T | |
| Range | 189.5M | |
| R-Value | (0.49) | |
| Mean Square Error | 4253.5T | |
| R-Squared | 0.24 | |
| Significance | 0.06 | |
| Slope | (7,997,481) | |
| Total Sum of Squares | 73204.3T |
China Net Tangible Assets History
About China Natural Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include China Natural income statement, its balance sheet, and the statement of cash flows. China Natural investors use historical funamental indicators, such as China Natural's Net Tangible Assets, to determine how well the company is positioned to perform in the future. Although China Natural investors may use each financial statement separately, they are all related. The changes in China Natural's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on China Natural'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 Natural Financial Statements. Understanding these patterns can help to make the right decision on long term investment in China Natural. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Tangible Assets | 49 M | 51.5 M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Natural's short interest history, or implied volatility extrapolated from China Natural options trading.
Pair Trading with China Natural
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 Natural 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 Natural will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to China Natural 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 Natural 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 Natural - 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 Natural Resources to buy it.
The correlation of China Natural 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 Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Natural Resources 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 Natural 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 Natural Correlation against competitors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for China Stock analysis
When running China Natural's price analysis, check to measure China Natural'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 Natural is operating at the current time. Most of China Natural's value examination focuses on studying past and present price action to predict the probability of China Natural'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 Natural's price. Additionally, you may evaluate how the addition of China Natural to your portfolios can decrease your overall portfolio volatility.
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Is China Natural'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 Natural. 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 Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.29) | Revenue Per Share 2.009 | Quarterly Revenue Growth (0.24) | Return On Assets (0.03) | Return On Equity (0.07) |
The market value of China Natural Resources 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 Natural's value that differs from its market value or its book value, called intrinsic value, which is China Natural'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 Natural's market value can be influenced by many factors that don't directly affect China Natural'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 Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Natural'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.