| GG Stock | | | CAD 0.32 0.03 8.57% |
Galane Gold financial indicator trend analysis is much more than just examining Galane Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galane Gold is a good investment. Please check the relationship between Galane Gold Price To Sales Ratio and its Ptb Ratio accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galane Gold. 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.
Price To Sales Ratio vs Ptb Ratio
Price To Sales Ratio vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Galane Gold Price To Sales Ratio account and
Ptb Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Galane Gold's Price To Sales Ratio and Ptb Ratio is 0.9. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Galane Gold, assuming nothing else is changed. The correlation between historical values of Galane Gold's Price To Sales Ratio 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 Price To Sales Ratio of Galane Gold 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 Price To Sales Ratio i.e., Galane Gold's Price To Sales Ratio and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Galane Gold stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Galane Gold sales, a figure that is much harder to manipulate than other Galane Gold 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.
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 Galane Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Galane Gold 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galane Gold. 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, Galane Gold's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 17.1
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (4
M).
Galane Gold fundamental ratios Correlations
Click cells to compare fundamentals
Galane Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Galane Gold fundamental ratios Accounts
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Additional Tools for Galane Stock Analysis
When running Galane Gold's price analysis, check to
measure Galane Gold'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 Galane Gold is operating at the current time. Most of Galane Gold's value examination focuses on studying past and present price action to
predict the probability of Galane Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galane Gold's price. Additionally, you may evaluate how the addition of Galane Gold to your portfolios can decrease your overall portfolio volatility.