XNET Stock | | | USD 2.08 0.03 1.42% |
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 Reconciled Depreciation and its Income Before Tax 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.
Reconciled Depreciation vs Income Before Tax
Reconciled Depreciation vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xunlei Ltd Adr Reconciled Depreciation account and
Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Xunlei's Reconciled Depreciation and Income Before Tax is -0.46. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Income Before Tax 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 Reconciled Depreciation and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Xunlei Ltd Adr are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Reconciled Depreciation i.e., Xunlei's Reconciled Depreciation and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.46 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Reconciled Depreciation
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Xunlei income statement and is an important metric when analyzing Xunlei Ltd Adr profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
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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