EQIX Stock | | | USD 974.35 37.98 4.06% |
Equinix financial indicator trend analysis is much more than just examining Equinix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equinix is a good investment. Please check the relationship between Equinix Cash And Short Term Investments and its Other Stockholder Equity accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Equinix Stock please use our
How to Invest in Equinix guide.
Cash And Short Term Investments vs Other Stockholder Equity
Cash And Short Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equinix Cash And Short Term Investments account and
Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Equinix's Cash And Short Term Investments and Other Stockholder Equity is 0.74. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Equinix, assuming nothing else is changed. The correlation between historical values of Equinix's Cash And Short Term Investments and Other Stockholder 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 Cash And Short Term Investments of Equinix are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash And Short Term Investments i.e., Equinix's Cash And Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Equinix balance sheet. This account contains Equinix investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Equinix fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Other Stockholder Equity
Most indicators from Equinix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equinix 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Equinix Stock please use our
How to Invest in Equinix guide.At this time, Equinix's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 47.37 in 2024, whereas
Discontinued Operations is likely to drop slightly above 9.9
M in 2024.
Equinix fundamental ratios Correlations
Click cells to compare fundamentals
Equinix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinix fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Equinix Stock Analysis
When running Equinix's price analysis, check to
measure Equinix'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 Equinix is operating at the current time. Most of Equinix's value examination focuses on studying past and present price action to
predict the probability of Equinix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinix's price. Additionally, you may evaluate how the addition of Equinix to your portfolios can decrease your overall portfolio volatility.