| XBIT Stock | | | USD 7.35 0.54 7.93% |
XBiotech financial indicator trend analysis is more than just analyzing XBiotech current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XBiotech is a good investment. Please check the relationship between XBiotech Other Current Liab and its Total Liab accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XBiotech. 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 XBiotech Stock please use our
How to Invest in XBiotech guide.
Other Current Liab vs Total Liab
Other Current Liab vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
XBiotech Other Current Liab account and
Total Liab. At this time, the significance of the direction appears to have totally related.
The correlation between XBiotech's Other Current Liab and Total Liab is 0.99. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Liab in the same time period over historical financial statements of XBiotech, assuming nothing else is changed. The correlation between historical values of XBiotech's Other Current Liab and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of XBiotech are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Liab i.e., XBiotech's Other Current Liab and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Current Liab
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from XBiotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XBiotech 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XBiotech. 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 XBiotech Stock please use our
How to Invest in XBiotech guide.At this time, XBiotech's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 1.49 in 2024, whereas
Tax Provision is likely to drop slightly above 875
K in 2024.
XBiotech fundamental ratios Correlations
Click cells to compare fundamentals
XBiotech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
XBiotech fundamental ratios Accounts
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Additional Tools for XBiotech Stock Analysis
When running XBiotech's price analysis, check to
measure XBiotech'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 XBiotech is operating at the current time. Most of XBiotech's value examination focuses on studying past and present price action to
predict the probability of XBiotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XBiotech's price. Additionally, you may evaluate how the addition of XBiotech to your portfolios can decrease your overall portfolio volatility.