BALY Stock | | | USD 17.77 0.04 0.23% |
Ballys Corp financial indicator trend analysis is way more than just evaluating Ballys Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballys Corp is a good investment. Please check the relationship between Ballys Corp Price To Sales Ratio and its Pocfratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballys Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Ballys Stock please use our
How to Invest in Ballys Corp guide.
Price To Sales Ratio vs Pocfratio
Price To Sales Ratio vs Pocfratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ballys Corp Price To Sales Ratio account and
Pocfratio. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ballys Corp's Price To Sales Ratio and Pocfratio is 0.67. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Pocfratio in the same time period over historical financial statements of Ballys Corp, assuming nothing else is changed. The correlation between historical values of Ballys Corp's Price To Sales Ratio and Pocfratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Ballys Corp are associated (or correlated) with its Pocfratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pocfratio has no effect on the direction of Price To Sales Ratio i.e., Ballys Corp's Price To Sales Ratio and Pocfratio go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Ballys Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ballys Corp sales, a figure that is much harder to manipulate than other Ballys Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Pocfratio
Most indicators from Ballys Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ballys Corp 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 Ballys Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
For more information on how to buy Ballys Stock please use our
How to Invest in Ballys Corp guide.At this time, Ballys Corp's
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to rise to about 1.2
B in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Ballys Corp fundamental ratios Correlations
Click cells to compare fundamentals
Ballys Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ballys Corp fundamental ratios Accounts
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Additional Tools for Ballys Stock Analysis
When running Ballys Corp's price analysis, check to
measure Ballys Corp'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 Ballys Corp is operating at the current time. Most of Ballys Corp's value examination focuses on studying past and present price action to
predict the probability of Ballys Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballys Corp's price. Additionally, you may evaluate how the addition of Ballys Corp to your portfolios can decrease your overall portfolio volatility.