VOD Stock | | | 69.06 0.74 1.06% |
Vodafone Group financial indicator trend analysis is much more than just breaking down Vodafone Group PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vodafone Group PLC is a good investment. Please check the relationship between Vodafone Group Common Stock Total Equity and its Common Stock Shares Outstanding accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Common Stock Total Equity vs Common Stock Shares Outstanding
Common Stock Total Equity vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vodafone Group PLC Common Stock Total Equity account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Vodafone Group's Common Stock Total Equity and Common Stock Shares Outstanding is 0.37. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Vodafone Group PLC, assuming nothing else is changed. The correlation between historical values of Vodafone Group's Common Stock Total Equity and Common Stock Shares Outstanding 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 Total Equity of Vodafone Group PLC are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Common Stock Total Equity i.e., Vodafone Group's Common Stock Total Equity and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Vodafone Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vodafone Group PLC 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 Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Issuance Of Capital Stock is expected to grow to about 4.3
M, whereas
Selling General Administrative is forecasted to decline to about 4.6
B.
Vodafone Group fundamental ratios Correlations
Click cells to compare fundamentals
Vodafone Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vodafone Group 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.
When determining whether Vodafone Group PLC is a strong investment it is important to analyze Vodafone Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vodafone Group's
future performance.
For an informed investment choice regarding Vodafone Stock, refer to the following important reports: Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vodafone Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
You can also try the
Equity Valuation module to check real value of public entities based on technical and fundamental data.
Please note, there is a significant difference between Vodafone Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vodafone Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vodafone Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.