Grindr Days Sales Outstanding vs Pb Ratio Analysis
| GRND-WT Stock | 6.50 0.02 0.31% |
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 Sales Outstanding and its Pb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 Sales Outstanding vs Pb Ratio
Days Sales Outstanding vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Grindr Warrant Days Sales Outstanding account and Pb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Grindr's Days Sales Outstanding and Pb Ratio is -0.58. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Pb 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 Sales Outstanding and Pb 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 Sales Outstanding of Grindr Warrant are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Days Sales Outstanding i.e., Grindr's Days Sales Outstanding and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Days Sales Outstanding
Pb Ratio
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