Equinix Common Stock vs Other Assets Analysis
EQIX Stock | USD 731.61 6.74 0.91% |
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 Common Stock and its Other Assets 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 tightly coupled 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.
Common Stock vs Other Assets
Common Stock vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equinix Common Stock account and Other Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Equinix's Common Stock and Other Assets is 0.59. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of Equinix, assuming nothing else is changed. The correlation between historical values of Equinix's Common Stock and Other Assets 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 of Equinix are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Common Stock i.e., Equinix's Common Stock and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock
Other 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 tightly coupled 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.Selling General Administrative is likely to rise to about 1.7 B in 2024, whereas Discontinued Operations is likely to drop slightly above 9.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.2B | 3.5B | 3.5B | 3.6B | Total Revenue | 6.6B | 7.3B | 8.2B | 8.6B |
Equinix fundamental ratios Correlations
Click cells to compare fundamentals
Equinix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinix fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.0B | 27.0B | 27.9B | 30.3B | 32.7B | 34.3B | |
Short Long Term Debt Total | 13.3B | 13.9B | 15.0B | 16.5B | 17.5B | 18.3B | |
Other Current Liab | 362.6M | 537.2M | 275.7M | 384.7M | 1.6B | 1.7B | |
Total Current Liabilities | 2.2B | 2.1B | 1.6B | 1.8B | 3.2B | 3.3B | |
Total Stockholder Equity | 8.8B | 10.6B | 10.9B | 11.5B | 12.5B | 13.1B | |
Property Plant And Equipment Net | 13.6B | 16.0B | 16.7B | 18.1B | 20.0B | 21.1B | |
Net Debt | 11.4B | 12.3B | 13.5B | 14.6B | 15.4B | 16.1B | |
Retained Earnings | (2.8B) | (3.4B) | (3.9B) | (4.4B) | (4.8B) | (4.5B) | |
Accounts Payable | 760.7M | 876.9M | 879.1M | 1.0B | 162.4M | 303.3M | |
Cash | 1.9B | 1.6B | 1.5B | 1.9B | 2.1B | 2.2B | |
Non Current Assets Total | 21.1B | 24.4B | 25.0B | 27.0B | 29.1B | 30.5B | |
Non Currrent Assets Other | 485.2M | 546.6M | 621.2M | 983.4M | 847.7M | 890.1M | |
Cash And Short Term Investments | 1.9B | 1.6B | 1.5B | 1.9B | 2.1B | 2.2B | |
Net Receivables | 689.1M | 676.7M | 681.8M | 855.4M | 1.3B | 1.3B | |
Common Stock Shares Outstanding | 84.7M | 88.4M | 90.4M | 91.8M | 94.0M | 52.1M | |
Short Term Investments | 10.4M | 4.5M | 117.4M | 105.7M | 44.0M | 41.8M | |
Liabilities And Stockholders Equity | 24.0B | 27.0B | 27.9B | 30.3B | 32.7B | 34.3B | |
Non Current Liabilities Total | 13.0B | 14.3B | 15.4B | 17.0B | 17.0B | 17.8B | |
Other Current Assets | 303.5M | 355.0M | 462.7M | 459.1M | (3.4B) | (3.2B) | |
Other Stockholder Equity | 12.6B | 14.9B | 15.9B | 17.2B | 18.5B | 19.5B | |
Total Liab | 15.1B | 16.4B | 17.0B | 18.8B | 20.1B | 21.1B | |
Total Current Assets | 2.9B | 2.6B | 3.0B | 3.3B | 3.6B | 3.7B | |
Accumulated Other Comprehensive Income | (934.6M) | (913.4M) | (1.1B) | (1.4B) | (1.6B) | (1.5B) | |
Short Term Debt | 941.7M | 524.4M | 325.0M | 300.8M | 1.3B | 1.3B | |
Common Stock | 86K | 89K | 91K | 93K | 95K | 60.7K | |
Other Liab | 621.7M | 949.0M | 763.4M | 797.9M | 917.5M | 963.4M | |
Other Assets | 521.1M | 2.3B | 926.1M | 1.0B | 1.2B | 1.2B | |
Long Term Debt | 9.6B | 10.3B | 11.6B | 12.8B | 12.7B | 13.4B | |
Common Stock Total Equity | 86K | 89K | 91K | 93K | 107.0K | 60.8K | |
Property Plant And Equipment Gross | 13.6B | 16.0B | 16.7B | 18.1B | 30.7B | 32.2B | |
Property Plant Equipment | 12.2B | 14.5B | 16.7B | 16.6B | 19.1B | 20.1B | |
Current Deferred Revenue | 92.9M | 118.4M | 126.1M | 148.0M | 124.9M | 88.3M | |
Intangible Assets | 2.1B | 2.2B | 1.9B | 1.9B | 1.7B | 1.8B | |
Good Will | 4.8B | 5.5B | 5.4B | 5.7B | 5.7B | 6.0B | |
Net Tangible Assets | 2.0B | 3.0B | 3.6B | 4.0B | 4.5B | 4.8B | |
Retained Earnings Total Equity | (2.8B) | (3.4B) | (3.9B) | (4.4B) | (3.9B) | (3.7B) | |
Long Term Debt Total | 9.6B | 10.3B | 11.6B | 12.8B | 14.7B | 7.9B | |
Capital Surpluse | 12.7B | 15.0B | 16.0B | 17.3B | 19.9B | 20.9B |
Pair Trading with Equinix
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equinix position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equinix will appreciate offsetting losses from the drop in the long position's value.Moving together with Equinix Stock
0.68 | FR | First Industrial Realty Earnings Call This Week | PairCorr |
0.7 | EGP | EastGroup Properties | PairCorr |
Moving against Equinix Stock
0.65 | JOE | St Joe Company | PairCorr |
The ability to find closely correlated positions to Equinix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equinix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equinix to buy it.
The correlation of Equinix is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equinix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinix moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Equinix can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled 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.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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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.
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Is Equinix's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Equinix. If investors know Equinix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Equinix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.731 | Dividend Share 14.49 | Earnings Share 10.29 | Revenue Per Share 82.834 | Quarterly Revenue Growth 0.154 |
The market value of Equinix is measured differently than its book value, which is the value of Equinix that is recorded on the company's balance sheet. Investors also form their own opinion of Equinix's value that differs from its market value or its book value, called intrinsic value, which is Equinix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Equinix's market value can be influenced by many factors that don't directly affect Equinix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Equinix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinix'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.