EQB Stock | | | CAD 101.67 1.75 1.75% |
Equitable financial indicator trend analysis is much more than just examining Equitable Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equitable Group is a good investment. Please check the relationship between Equitable Pb Ratio and its Price To Sales Ratio accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Pb Ratio vs Price To Sales Ratio
Pb Ratio vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Equitable Group Pb Ratio account and
Price To Sales Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Equitable's Pb Ratio and Price To Sales Ratio is 0.81. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Equitable Group, assuming nothing else is changed. The correlation between historical values of Equitable's Pb Ratio and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Equitable Group are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Pb Ratio i.e., Equitable's Pb Ratio and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Pb Ratio
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Equitable Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Equitable sales, a figure that is much harder to manipulate than other Equitable Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Equitable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equitable Group 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 Equitable Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Equitable's
Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024,
Issuance Of Capital Stock is likely to grow to about 279.8
M, while
Tax Provision is likely to drop about 76
M.
Equitable fundamental ratios Correlations
Click cells to compare fundamentals
Equitable Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equitable fundamental ratios Accounts
Other Information on Investing in Equitable Stock
Balance Sheet is a snapshot of the
financial position of Equitable Group at a specified time, usually calculated after every quarter, six months, or one year. Equitable Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Equitable and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Equitable currently owns. An asset can also be divided into two categories, current and non-current.