Instead of watching short term trends on any statistic, I like sites like
www.kenpom.com because it provides good indication of performance on defense and offense for each team corrected back to an expected performance versus an average team on a neutral floor over the course of the season. The Adjusted Offensive and Adjusted Defensive numbers are based on points per 100 possessions.
Currently, there are only 6 teams in the country with Adjusted Offense AND Adjusted Defensive ranks both in the Top 20.
They are Kentucky, Syracuse, Kansas, North Carolina, Ohio State, and Michigan State. Out of these teams, Kentucky has the best overall ratings with the #3 Adjusted Offense and the #6 Adjusted Defense. In statistical terms for the season played out to this point, these are the "Contenders" for a NC.
Everyone else could be labeled as some degree of a "Pretender". For example, Missouri has the #1 Adjusted Offense but is ranked #51 in Adjusted Defense. That means when they run up against one of the aforementioned teams in the "Contender" list, they would likely be a statistical underdog even with the #1 ranked Adjusted Offense because their Adjusted Defense is not strong enough. Basically, they would be expected to give up more points than they could score over the course of the game
against an exceptional team. Others on the "Pretender" list... Florida (#5 AdjO, #110 AdjD), Duke (#4 AdjO, #83 AdjD), Indiana (#2 AdjO, #74 AdjD), and Georgetown (#55 AdjO, #5 AdjD).
Obviously, this is statistics and not prognostication... for example, "Pretender" Duke just beat "Contender" North Carolina earlier this week, albeit in a game that some would say North Carolina gave away...