Ryde Net Invested Capital vs Common Stock Shares Outstanding Analysis
| RYDE Stock | 0.41 0.02 4.65% |
Ryde financial indicator trend analysis is much more than just breaking down Ryde Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ryde Group is a good investment. Please check the relationship between Ryde Net Invested Capital and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryde Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Net Invested Capital vs Common Stock Shares Outstanding
Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ryde Group Net Invested Capital account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Ryde's Net Invested Capital and Common Stock Shares Outstanding is -0.94. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Ryde Group, assuming nothing else is changed. The correlation between historical values of Ryde's Net Invested Capital and Common Stock Shares Outstanding 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 Invested Capital of Ryde Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Invested Capital i.e., Ryde's Net Invested Capital and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.94 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Ryde's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ryde Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryde Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. The current year's Sales General And Administrative To Revenue is expected to grow to 1.15, whereas Selling General Administrative is forecasted to decline to about 5.2 M.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 118K | 198K | 446K | 279.4K | Depreciation And Amortization | 203.1K | 218.3K | 402K | 301.9K |
Ryde fundamental ratios Correlations
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Ryde Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Ryde Group is a strong investment it is important to analyze Ryde's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ryde's future performance. For an informed investment choice regarding Ryde Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryde Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ryde. If investors know Ryde will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ryde listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ryde Group is measured differently than its book value, which is the value of Ryde that is recorded on the company's balance sheet. Investors also form their own opinion of Ryde's value that differs from its market value or its book value, called intrinsic value, which is Ryde's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ryde's market value can be influenced by many factors that don't directly affect Ryde's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ryde's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryde is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryde's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.