XNET Stock | | | USD 1.89 0.02 1.07% |
Xunlei financial indicator trend analysis is more than just analyzing Xunlei Ltd Adr current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xunlei Ltd Adr is a good investment. Please check the relationship between Xunlei Common Stock Shares Outstanding and its Common Stock Total Equity accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xunlei Ltd Adr. 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.
Common Stock Shares Outstanding vs Common Stock Total Equity
Common Stock Shares Outstanding vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xunlei Ltd Adr Common Stock Shares Outstanding account and
Common Stock Total Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Xunlei's Common Stock Shares Outstanding and Common Stock Total Equity is 0.96. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Xunlei Ltd Adr, assuming nothing else is changed. The correlation between historical values of Xunlei's Common Stock Shares Outstanding and Common Stock 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 Common Stock Shares Outstanding of Xunlei Ltd Adr are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Xunlei's Common Stock Shares Outstanding and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Xunlei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xunlei Ltd Adr 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 Xunlei Ltd Adr. 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.
At this time, Xunlei's
Discontinued Operations is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 4.3
M in 2024, despite the fact that
Enterprise Value Multiple is likely to grow to
(1.54).
Xunlei fundamental ratios Correlations
Click cells to compare fundamentals
Xunlei Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xunlei fundamental ratios Accounts
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