| 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 Total Stockholder Equity and its Retained Earnings Total Equity 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.
Total Stockholder Equity vs Retained Earnings Total Equity
Total Stockholder Equity vs Retained Earnings Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
XBiotech Total Stockholder Equity account and
Retained Earnings Total Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between XBiotech's Total Stockholder Equity and Retained Earnings Total Equity is 0.96. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings Total Equity in the same time period over historical financial statements of XBiotech, assuming nothing else is changed. The correlation between historical values of XBiotech's Total Stockholder Equity and Retained Earnings Total 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 Total Stockholder Equity of XBiotech are associated (or correlated) with its Retained Earnings Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings Total Equity has no effect on the direction of Total Stockholder Equity i.e., XBiotech's Total Stockholder Equity and Retained Earnings Total Equity go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Retained Earnings Total Equity
The portion of total equity that consists of earnings retained by the company, reinvested in its core business or used to pay debt.
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.