WSO-B Stock | | | USD 535.00 15.30 2.94% |
Watsco financial indicator trend analysis is more than just analyzing Watsco Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Watsco Inc is a good investment. Please check the relationship between Watsco Book Value Per Share and its Ev To Sales accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. 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.
Book Value Per Share vs Ev To Sales
Book Value Per Share vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Watsco Inc Book Value Per Share account and
Ev To Sales. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Watsco's Book Value Per Share and Ev To Sales is 0.9. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Watsco Inc, assuming nothing else is changed. The correlation between historical values of Watsco's Book Value Per Share and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Watsco Inc are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Book Value Per Share i.e., Watsco's Book Value Per Share and Ev To Sales go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.
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.
Most indicators from Watsco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Watsco Inc 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. 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.
At present, Watsco's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Sales General And Administrative To Revenue is expected to grow to 0.20, whereas
Tax Provision is forecasted to decline to about 113.2
M.
Watsco fundamental ratios Correlations
Click cells to compare fundamentals
Watsco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Watsco fundamental ratios Accounts
Also Currently Popular
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 Watsco Inc
offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco's
financial statements, including income statements, balance sheets, and cash flow statements, to assess its
financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Watsco Inc Stock.
Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock: Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. 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.
You can also try the
Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Watsco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watsco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watsco'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.