EQIX Stock | | | USD 927.22 5.65 0.61% |
Equinix financial indicator trend analysis is much more than just examining Equinix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equinix is a good investment. Please check the relationship between Equinix Capital Expenditures and its Free Cash Flow accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Equinix Stock please use our
How to Invest in Equinix guide.
Capital Expenditures vs Free Cash Flow
Capital Expenditures vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equinix Capital Expenditures account and
Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Equinix's Capital Expenditures and Free Cash Flow is 0.46. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Equinix, assuming nothing else is changed. The correlation between historical values of Equinix's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Equinix are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Equinix's Capital Expenditures and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by Equinix to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Equinix operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Equinix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equinix 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
For more information on how to buy Equinix Stock please use our
How to Invest in Equinix guide.At this time, Equinix's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 47.37 in 2024, whereas
Discontinued Operations is likely to drop slightly above 9.9
M in 2024.
Equinix fundamental ratios Correlations
Click cells to compare fundamentals
Equinix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinix fundamental ratios Accounts
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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 Equinix Stock Analysis
When running Equinix's price analysis, check to
measure Equinix'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 Equinix is operating at the current time. Most of Equinix's value examination focuses on studying past and present price action to
predict the probability of Equinix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinix's price. Additionally, you may evaluate how the addition of Equinix to your portfolios can decrease your overall portfolio volatility.