| GOT Stock | | | CAD 1.14 0.03 2.70% |
Goliath Resources financial indicator trend analysis is much more than just examining Goliath Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goliath Resources is a good investment. Please check the relationship between Goliath Resources Price To Sales Ratio and its Roic accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goliath Resources. 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.
Price To Sales Ratio vs Roic
Price To Sales Ratio vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Goliath Resources Price To Sales Ratio account and
Roic. At this time, the significance of the direction appears to have no relationship.
The correlation between Goliath Resources' Price To Sales Ratio and Roic is 0.05. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Goliath Resources, assuming nothing else is changed. The correlation between historical values of Goliath Resources' Price To Sales Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Goliath Resources are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Price To Sales Ratio i.e., Goliath Resources' Price To Sales Ratio and Roic go up and down completely randomly.
Correlation Coefficient | 0.05 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Goliath Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Goliath Resources sales, a figure that is much harder to manipulate than other Goliath Resources 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.
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Goliath Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goliath Resources 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goliath Resources. 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, Goliath Resources'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to about 26.2
K in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 8.4
M in 2024.
Goliath Resources fundamental ratios Correlations
Click cells to compare fundamentals
Goliath Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goliath Resources fundamental ratios Accounts
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Additional Tools for Goliath Stock Analysis
When running Goliath Resources' price analysis, check to
measure Goliath Resources' 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 Goliath Resources is operating at the current time. Most of Goliath Resources' value examination focuses on studying past and present price action to
predict the probability of Goliath Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goliath Resources' price. Additionally, you may evaluate how the addition of Goliath Resources to your portfolios can decrease your overall portfolio volatility.