VNET Stock | | | USD 3.69 0.06 1.60% |
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 Total Other Income Expense Net and its Reconciled Depreciation 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VNET Group DRC Total Other Income Expense Net account and
Reconciled Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between VNET Group's Total Other Income Expense Net and Reconciled Depreciation is -0.23. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Reconciled Depreciation 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 Total Other Income Expense Net and Reconciled Depreciation 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 Other Income Expense Net of VNET Group DRC are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Total Other Income Expense Net i.e., VNET Group's Total Other Income Expense Net and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
When running VNET Group's price analysis, check to
measure VNET Group'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 VNET Group is operating at the current time. Most of VNET Group's value examination focuses on studying past and present price action to
predict the probability of VNET Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VNET Group's price. Additionally, you may evaluate how the addition of VNET Group to your portfolios can decrease your overall portfolio volatility.