NTES Stock | | | USD 96.90 0.42 0.44% |
NetEase financial indicator trend analysis is infinitely more than just investigating NetEase recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetEase is a good investment. Please check the relationship between NetEase Selling General Administrative and its Extraordinary Items accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetEase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy NetEase Stock please use our
How to Invest in NetEase guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
NetEase Selling General Administrative account and
Extraordinary Items. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NetEase's Selling General Administrative and Extraordinary Items is 0.83. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Extraordinary Items in the same time period over historical financial statements of NetEase, assuming nothing else is changed. The correlation between historical values of NetEase's Selling General Administrative and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of NetEase are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Selling General Administrative i.e., NetEase's Selling General Administrative and Extraordinary Items go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from NetEase's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetEase 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetEase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
For more information on how to buy NetEase Stock please use our
How to Invest in NetEase guide.At this time, NetEase's Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 829.1
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 2.63 in 2024.
When running NetEase's price analysis, check to
measure NetEase'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 NetEase is operating at the current time. Most of NetEase's value examination focuses on studying past and present price action to
predict the probability of NetEase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetEase's price. Additionally, you may evaluate how the addition of NetEase to your portfolios can decrease your overall portfolio volatility.