VNET Stock | | | USD 3.88 0.02 0.52% |
VNET Group financial indicator trend analysis is much more than just breaking down VNET Group DRC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VNET Group DRC is a good investment. Please check the relationship between VNET Group Minority Interest and its Ebitda accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in VNET Group DRC. 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.
Minority Interest vs Ebitda
Minority Interest vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VNET Group DRC Minority Interest account and
Ebitda. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between VNET Group's Minority Interest and Ebitda is -0.3. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Ebitda in the same time period over historical financial statements of VNET Group DRC, assuming nothing else is changed. The correlation between historical values of VNET Group's Minority Interest and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of VNET Group DRC are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Minority Interest i.e., VNET Group's Minority Interest and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of VNET Group DRC whose combined shares represent less than 50% of the total outstanding shares issued by VNET Group have a minority interest in VNET Group.
Ebitda
Most indicators from VNET Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VNET Group DRC 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
World Market Map to better understand how to build diversified portfolios, which includes a position in VNET Group DRC. 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.
Enterprise Value is likely to gain to about 18.9
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 471.2
M in 2024.
VNET Group fundamental ratios Correlations
Click cells to compare fundamentals
VNET Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
VNET Group fundamental ratios Accounts
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Additional Tools for VNET Stock Analysis
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