LN Stock | | | CAD 0.48 0.02 4.35% |
Loncor Resources financial indicator trend analysis is infinitely more than just investigating Loncor Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Loncor Resources is a good investment. Please check the relationship between Loncor Resources Price To Sales Ratio and its Book Value Per Share accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor 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 estimate.
Price To Sales Ratio vs Book Value Per Share
Price To Sales Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Loncor Resources Price To Sales Ratio account and
Book Value Per Share. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Loncor Resources' Price To Sales Ratio and Book Value Per Share is 0.12. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Loncor Resources, assuming nothing else is changed. The correlation between historical values of Loncor Resources' Price To Sales Ratio and Book Value Per Share 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 Loncor Resources are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Loncor Resources' Price To Sales Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Loncor Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Loncor Resources sales, a figure that is much harder to manipulate than other Loncor 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.
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.
Most indicators from Loncor Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Loncor 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor 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 estimate.
As of the 4th of December 2024,
Sales General And Administrative To Revenue is likely to grow to 595.18, while
Selling General Administrative is likely to drop about 711.5
K.
Loncor Resources fundamental ratios Correlations
Click cells to compare fundamentals
Loncor Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Loncor Resources fundamental ratios Accounts
Other Information on Investing in Loncor Stock
Balance Sheet is a snapshot of the
financial position of Loncor Resources at a specified time, usually calculated after every quarter, six months, or one year. Loncor Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Loncor Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Loncor currently owns. An asset can also be divided into two categories, current and non-current.