| IVX Stock | | | CAD 0.61 0.03 4.69% |
Inventronics financial indicator trend analysis is infinitely more than just investigating Inventronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inventronics is a good investment. Please check the relationship between Inventronics Price To Sales Ratio and its Capex To Depreciation accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventronics. 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 Capex To Depreciation
Price To Sales Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inventronics Price To Sales Ratio account and
Capex To Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Inventronics' Price To Sales Ratio and Capex To Depreciation is 0.45. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Inventronics, assuming nothing else is changed. The correlation between historical values of Inventronics' Price To Sales Ratio and Capex To Depreciation 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 Inventronics are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., Inventronics' Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | 0.45 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Inventronics stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Inventronics sales, a figure that is much harder to manipulate than other Inventronics 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.
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Inventronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inventronics 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 Inventronics. 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, Inventronics'
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 7.70 in 2024, whereas
Tax Provision is likely to drop slightly above 108.2
K in 2024.
Inventronics fundamental ratios Correlations
Click cells to compare fundamentals
Inventronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Inventronics fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Inventronics Stock Analysis
When running Inventronics' price analysis, check to
measure Inventronics' 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 Inventronics is operating at the current time. Most of Inventronics' value examination focuses on studying past and present price action to
predict the probability of Inventronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inventronics' price. Additionally, you may evaluate how the addition of Inventronics to your portfolios can decrease your overall portfolio volatility.