| FIL Stock | | | 32.70 0.11 0.34% |
Filo Mining financial indicator trend analysis is much more than just examining Filo Mining Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Filo Mining Corp is a good investment. Please check the relationship between Filo Mining Ptb Ratio and its Roic accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Filo Mining 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 board of governors.
Ptb Ratio vs Roic
Ptb Ratio vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Filo Mining Corp Ptb Ratio account and
Roic. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Filo Mining's Ptb Ratio and Roic is -0.58. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Roic in the same time period over historical financial statements of Filo Mining Corp, assuming nothing else is changed. The correlation between historical values of Filo Mining's Ptb Ratio and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Filo Mining Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Ptb Ratio i.e., Filo Mining's Ptb Ratio and Roic go up and down completely randomly.
Correlation Coefficient | -0.58 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.
Most indicators from Filo Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Filo Mining 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Filo Mining 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 board of governors.
At this time, Filo Mining's
Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024,
Enterprise Value is likely to grow to about 2.7
B, while
Issuance Of Capital Stock is likely to drop about 55.6
M.
Filo Mining fundamental ratios Correlations
Click cells to compare fundamentals
Filo Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Filo Mining fundamental ratios Accounts
Other Information on Investing in Filo Stock
Balance Sheet is a snapshot of the
financial position of Filo Mining Corp at a specified time, usually calculated after every quarter, six months, or one year. Filo Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Filo Mining and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Filo currently owns. An asset can also be divided into two categories, current and non-current.