ANNX Stock | | | USD 5.14 0.03 0.58% |
Annexon financial indicator trend analysis is way more than just evaluating Annexon prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Annexon is a good investment. Please check the relationship between Annexon Roe and its Ptb Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Annexon. 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 Annexon Stock please use our
How to Invest in Annexon guide.
Roe vs Ptb Ratio
Roe vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Annexon Roe account and
Ptb Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Annexon's Roe and Ptb Ratio is -0.97. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Annexon, assuming nothing else is changed. The correlation between historical values of Annexon's Roe 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 Roe of Annexon 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 Roe i.e., Annexon's Roe and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.97 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Roe
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.
Most indicators from Annexon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Annexon 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Annexon. 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 Annexon Stock please use our
How to Invest in Annexon guide.
Tax Provision is likely to drop to -6,038 in 2024.
Selling General Administrative is likely to drop to about 19.2
M in 2024
Annexon fundamental ratios Correlations
Click cells to compare fundamentals
Annexon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Annexon fundamental ratios Accounts
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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.
Additional Tools for Annexon Stock Analysis
When running Annexon's price analysis, check to
measure Annexon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Annexon is operating at the current time. Most of Annexon's value examination focuses on studying past and present price action to
predict the probability of Annexon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Annexon's price. Additionally, you may evaluate how the addition of Annexon to your portfolios can decrease your overall portfolio volatility.