PhenixFIN Net Income Per Share vs Ptb Ratio Analysis
| PFXNZ Stock | USD 22.82 0.03 0.13% |
PhenixFIN 525 financial indicator trend analysis is much more than just breaking down PhenixFIN 525 prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PhenixFIN 525 is a good investment. Please check the relationship between PhenixFIN 525 Net Income Per Share and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PhenixFIN 525. 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. For more information on how to buy PhenixFIN Stock please use our How to Invest in PhenixFIN 525 guide.
Net Income Per Share vs Ptb Ratio
Net Income Per Share vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PhenixFIN 525 Net Income Per Share account and Ptb Ratio. At this time, the significance of the direction appears to have no relationship.
The correlation between PhenixFIN 525's Net Income Per Share and Ptb Ratio is 0.02. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of PhenixFIN 525, assuming nothing else is changed. The correlation between historical values of PhenixFIN 525's Net Income Per Share and Ptb 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 Net Income Per Share of PhenixFIN 525 are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Net Income Per Share i.e., PhenixFIN 525's Net Income Per Share and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.02 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Net Income Per Share
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Also Currently Popular
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