SST Capex To Depreciation vs Pb Ratio Analysis
| SST-WT Stock | 0.02 0 5.88% |
SST WT financial indicator trend analysis is much more than just breaking down SST WT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SST WT is a good investment. Please check the relationship between SST WT Capex To Depreciation and its Pb Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SST 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.
Capex To Depreciation vs Pb Ratio
Capex To Depreciation vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SST WT Capex To Depreciation account and Pb Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between SST WT's Capex To Depreciation and Pb Ratio is -0.86. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of SST WT, assuming nothing else is changed. The correlation between historical values of SST WT's Capex To Depreciation 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 Capex To Depreciation of SST 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 Capex To Depreciation i.e., SST WT's Capex To Depreciation and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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.Pb Ratio
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