Grindr Days Payables Outstanding vs Price To Sales Ratio Analysis
| GRND-WT Stock | 6.55 0.04 0.61% |
Grindr 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 Days Payables Outstanding and its Price To Sales Ratio 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.
Days Payables Outstanding vs Price To Sales Ratio
Days Payables Outstanding vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grindr Warrant Days Payables Outstanding account and Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Grindr's Days Payables Outstanding and Price To Sales Ratio is -0.7. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Grindr Warrant, assuming nothing else is changed. The correlation between historical values of Grindr's Days Payables Outstanding 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 Days Payables Outstanding of Grindr Warrant 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 Days Payables Outstanding i.e., Grindr's Days Payables Outstanding and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.7 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Days Payables Outstanding
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Grindr Warrant stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Grindr sales, a figure that is much harder to manipulate than other Grindr Warrant 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.Thematic Opportunities
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Additional Tools for Grindr Stock Analysis
When running Grindr's price analysis, check to measure Grindr'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 is operating at the current time. Most of Grindr's value examination focuses on studying past and present price action to predict the probability of Grindr'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's price. Additionally, you may evaluate how the addition of Grindr to your portfolios can decrease your overall portfolio volatility.