DII-B Stock | | | CAD 4.13 0.08 1.90% |
Dorel Industries financial indicator trend analysis is much more than just examining Dorel Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dorel Industries is a good investment. Please check the relationship between Dorel Industries Dividend Yield and its Book Value Per Share accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. 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 labor statistics.
Dividend Yield vs Book Value Per Share
Dividend Yield vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dorel Industries Dividend Yield account and
Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Dorel Industries' Dividend Yield and Book Value Per Share is -0.58. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Dorel Industries, assuming nothing else is changed. The correlation between historical values of Dorel Industries' Dividend Yield and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Dorel Industries are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Dividend Yield i.e., Dorel Industries' Dividend Yield and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Dividend Yield
Dividend Yield is Dorel Industries dividend as a percentage of Dorel Industries stock price. Dorel Industries dividend yield is a measure of Dorel Industries stock productivity, which can be interpreted as interest rate earned on an Dorel Industries investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
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.
Most indicators from Dorel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dorel Industries 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorel Industries. 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 labor statistics.
At this time, Dorel Industries'
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 307.8
M in 2024, despite the fact that
Tax Provision is likely to grow to (13.8
M).
Dorel Industries fundamental ratios Correlations
Click cells to compare fundamentals
Dorel Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dorel Industries fundamental ratios Accounts
Additional Tools for Dorel Stock Analysis
When running Dorel Industries' price analysis, check to
measure Dorel Industries' 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 Dorel Industries is operating at the current time. Most of Dorel Industries' value examination focuses on studying past and present price action to
predict the probability of Dorel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorel Industries' price. Additionally, you may evaluate how the addition of Dorel Industries to your portfolios can decrease your overall portfolio volatility.