VNET Stock | | | USD 3.75 0.58 13.39% |
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 Common Stock Shares Outstanding and its Non Current Liabilities Total 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.
Common Stock Shares Outstanding vs Non Current Liabilities Total
Common Stock Shares Outstanding vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VNET Group DRC Common Stock Shares Outstanding account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between VNET Group's Common Stock Shares Outstanding and Non Current Liabilities Total is 0.76. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Current Liabilities Total 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 Common Stock Shares Outstanding and Non Current Liabilities Total 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 VNET Group DRC are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Common Stock Shares Outstanding i.e., VNET Group's Common Stock Shares Outstanding and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Non Current Liabilities Total
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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