YY Stock | | | USD 33.91 2.12 5.88% |
YY financial indicator trend analysis is more than just analyzing YY Inc Class current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether YY Inc Class is a good investment. Please check the relationship between YY Net Income From Continuing Ops and its Cost Of Revenue accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Net Income From Continuing Ops vs Cost Of Revenue
Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
YY Inc Class Net Income From Continuing Ops account and
Cost Of Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between YY's Net Income From Continuing Ops and Cost Of Revenue is 0.38. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of YY Inc Class, assuming nothing else is changed. The correlation between historical values of YY's Net Income From Continuing Ops and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of YY Inc Class are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income From Continuing Ops i.e., YY's Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income From Continuing Ops
Cost Of Revenue
Cost of Revenue is found on YY Inc Class income statement and represents the costs associated with goods and services YY provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from YY's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into YY Inc Class 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 YY Inc Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Selling General Administrative is likely to drop to about 97.6
M in 2024.
Tax Provision is likely to drop to about 17.9
M in 2024
YY fundamental ratios Correlations
Click cells to compare fundamentals
YY Account Relationship Matchups
High Positive Relationship
High Negative Relationship
YY fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for YY Stock Analysis
When running YY's price analysis, check to
measure YY'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 YY is operating at the current time. Most of YY's value examination focuses on studying past and present price action to
predict the probability of YY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YY's price. Additionally, you may evaluate how the addition of YY to your portfolios can decrease your overall portfolio volatility.