Grindr Book Value Per Share vs Payables Turnover Analysis
| GRND-WT Stock | 5.93 0.79 15.37% |
Grindr Warrant financial indicator trend analysis is much more than just examining Grindr Warrant latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Grindr Warrant is a good investment. Please check the relationship between Grindr Warrant Book Value Per Share and its Payables Turnover accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grindr Warrant. 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.
Book Value Per Share vs Payables Turnover
Book Value Per Share vs Payables Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grindr Warrant Book Value Per Share account and Payables Turnover. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Grindr Warrant's Book Value Per Share and Payables Turnover is 0.96. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Payables Turnover in the same time period over historical financial statements of Grindr Warrant, assuming nothing else is changed. The correlation between historical values of Grindr Warrant's Book Value Per Share and Payables Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Grindr Warrant are associated (or correlated) with its Payables Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payables Turnover has no effect on the direction of Book Value Per Share i.e., Grindr Warrant's Book Value Per Share and Payables Turnover go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Thematic Opportunities
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When running Grindr Warrant's price analysis, check to measure Grindr Warrant's 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 Grindr Warrant is operating at the current time. Most of Grindr Warrant's value examination focuses on studying past and present price action to predict the probability of Grindr Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grindr Warrant's price. Additionally, you may evaluate how the addition of Grindr Warrant to your portfolios can decrease your overall portfolio volatility.