Quarterly Revenue Trend Analysis
Overall Quarterly Revenue Growth Trend of Basic Materials Sector Companies.
Seasonally Adjusted Quarterly Revenue Growth Rate
QoQ Growth Rate of Revenue | -0.8% |
YoY Growth Rate of Revenue | -2.3% |
Correlation Analysis between Quarterly Revenue and Stock Price
Determine the correlation between the stock price of the Basic Materials Sector ETF (XLB) and the seasonally adjusted overall quarterly revenue of Basic Materials sector companies. If there is a moderate to high correlation, the overall seasonally adjusted quarterly revenue can be used to estimate whether the stock price is reasonable.
Seasonally Adjusted Quarterly Revenue and stock price of Basic Materials Sector show a Low Correlation. The higher the correlation, the greater the reference value.
The Coefficient of Determination
between Seasonally Adjusted Quarterly Revenue and Stock Price
Low Correlation 0.24
Related Stocks
Related Basic Materials sector stocks, along with their quarterly revenue growth rates (QoQ and YoY).
Disclaimer
1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.
2. The information is not complete; for comprehensive data, please refer to the relevant websites.
3. All stock market data analyses are subject to survivorship bias.