RDW Ev To Sales vs Pb Ratio Analysis
| RDW-WT Stock | 6.49 0.09 1.37% |
RDW WT financial indicator trend analysis is much more than just breaking down RDW WT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RDW WT is a good investment. Please check the relationship between RDW WT Ev To Sales and its Pb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RDW WT. 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.
Ev To Sales vs Pb Ratio
Ev To Sales vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RDW WT Ev To Sales account and Pb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between RDW WT's Ev To Sales and Pb Ratio is -0.15. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of RDW WT, assuming nothing else is changed. The correlation between historical values of RDW WT's Ev To Sales 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 Ev To Sales of RDW WT 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 Ev To Sales i.e., RDW WT's Ev To Sales and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.15 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Pb Ratio
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