BKSY Capex To Depreciation vs Ptb Ratio Analysis
| BKSY-WT Stock | 0.08 0.01 22.06% |
BKSY WT financial indicator trend analysis is way more than just evaluating BKSY WT prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BKSY WT is a good investment. Please check the relationship between BKSY WT Capex To Depreciation and its Ptb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BKSY 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 Ptb Ratio
Capex To Depreciation vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BKSY WT Capex To Depreciation account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between BKSY WT's Capex To Depreciation and Ptb Ratio is -0.49. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of BKSY WT, assuming nothing else is changed. The correlation between historical values of BKSY WT's Capex To Depreciation 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 Capex To Depreciation of BKSY WT 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 Capex To Depreciation i.e., BKSY WT's Capex To Depreciation and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.49 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.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.Thematic Opportunities
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When running BKSY WT's price analysis, check to measure BKSY WT'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 BKSY WT is operating at the current time. Most of BKSY WT's value examination focuses on studying past and present price action to predict the probability of BKSY WT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BKSY WT's price. Additionally, you may evaluate how the addition of BKSY WT to your portfolios can decrease your overall portfolio volatility.