Well if we're talking about the context of our squad performance, it's quite easy to point to we're creating chances that we're not finishing? The fact we're outperforming our xGA (which pretty much all teams are in the league) means my point about our defence being good holds up too? Not scoring your chances affects the whole team and scoring half of the chances you create shows an obvious issue in the squad - one that a lot of people highlighted in the summer. We are conceding too many chances, but 4.59 xAG of those came from the Spurs game, so that also needs context.
I'm not denying we're underperforming, but there are obvious areas where we are that should be adressed. Our attack is shite at converting and our midfield wasn't prioritised in the summer and we're suffering for it. Our defence, where we invested the most, has improved.
Sorry, but the only other team under performing their xG as bad as us is Southampton, that says a lot about our attackers. Teams hover around their xG, not convert 50% of it. Your 1-3 less than their xG is in the context of a whole season.
FYI I'm using
https://understat.com/league/EPL/2024 for the stats.
I'm not saying it's all rosy and only finishing chances is our issue, but it's clearly a massive problem. We all know midfield is what it is and we have to hope Ugarte can improve it, because we have no other options apart from kids. I don't like how many chances we're conceding, but if you watch our games, you can clearly see our defenders and keepers are the only ones playing well.