Globex Pb Ratio vs Book Value Per Share Analysis

GMX Stock  CAD 1.10  0.05  4.76%   
Globex Mining financial indicator trend analysis is much more than just examining Globex Mining Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globex Mining Enterprises is a good investment. Please check the relationship between Globex Mining Pb Ratio and its Book Value Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globex Mining Enterprises. 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.

Pb Ratio vs Book Value Per Share

Pb Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globex Mining Enterprises Pb Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Globex Mining's Pb Ratio and Book Value Per Share is -0.39. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Globex Mining Enterprises, assuming nothing else is changed. The correlation between historical values of Globex Mining's Pb Ratio 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 Pb Ratio of Globex Mining Enterprises 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 Pb Ratio i.e., Globex Mining's Pb Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.39
Relationship DirectionNegative 
Relationship StrengthInsignificant

Pb Ratio

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 Globex Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globex Mining Enterprises 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 Globex Mining Enterprises. 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, Globex Mining's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 33.97, while Tax Provision is likely to drop about 111.7 K.
 2021 2022 2023 2024 (projected)
Gross Profit35.2M1.9M4.1M3.0M
Total Revenue35.3M2.0M4.1M3.0M

Globex Mining fundamental ratios Correlations

0.250.980.180.40.340.460.740.560.140.730.00.020.160.450.780.57-0.44-0.090.450.24-0.190.510.29-0.060.81
0.250.170.210.510.230.20.06-0.27-0.36-0.080.20.110.510.220.10.36-0.450.60.440.70.05-0.38-0.490.480.23
0.980.170.050.410.20.330.820.630.210.83-0.16-0.04-0.010.340.860.5-0.47-0.20.480.12-0.220.560.38-0.170.85
0.180.210.050.170.950.92-0.51-0.24-0.54-0.450.80.320.730.94-0.460.060.470.55-0.480.320.33-0.34-0.580.54-0.17
0.40.510.410.170.10.120.330.26-0.580.37-0.160.05-0.060.310.33-0.31-0.110.390.110.05-0.08-0.33-0.470.470.64
0.340.230.20.950.10.99-0.38-0.25-0.36-0.350.820.260.80.92-0.320.290.320.41-0.330.430.24-0.2-0.430.46-0.08
0.460.20.330.920.120.99-0.25-0.1-0.3-0.210.780.230.760.93-0.190.340.270.35-0.270.420.19-0.06-0.340.410.04
0.740.060.82-0.510.33-0.38-0.250.70.410.97-0.61-0.12-0.44-0.220.990.34-0.69-0.420.7-0.13-0.360.640.59-0.40.84
0.56-0.270.63-0.240.26-0.25-0.10.70.080.81-0.36-0.05-0.380.030.72-0.01-0.11-0.220.12-0.28-0.220.690.41-0.20.73
0.14-0.360.21-0.54-0.58-0.36-0.30.410.080.33-0.43-0.34-0.37-0.520.390.49-0.45-0.750.44-0.13-0.160.690.83-0.84-0.04
0.73-0.080.83-0.450.37-0.35-0.210.970.810.33-0.58-0.14-0.49-0.150.970.19-0.48-0.380.49-0.23-0.340.650.56-0.360.87
0.00.2-0.160.8-0.160.820.78-0.61-0.36-0.43-0.580.380.930.67-0.550.220.430.58-0.440.490.21-0.26-0.560.66-0.29
0.020.11-0.040.320.050.260.23-0.12-0.05-0.34-0.140.380.350.29-0.15-0.010.030.38-0.03-0.210.15-0.14-0.40.440.02
0.160.51-0.010.73-0.060.80.76-0.44-0.38-0.37-0.490.930.350.63-0.370.460.130.63-0.140.710.18-0.24-0.530.64-0.16
0.450.220.340.940.310.920.93-0.220.03-0.52-0.150.670.290.63-0.160.140.350.46-0.350.290.25-0.18-0.420.460.12
0.780.10.86-0.460.33-0.32-0.190.990.720.390.97-0.55-0.15-0.37-0.160.39-0.66-0.360.67-0.04-0.350.650.57-0.360.87
0.570.360.50.06-0.310.290.340.34-0.010.490.190.22-0.010.460.140.39-0.6-0.150.60.59-0.090.480.4-0.230.18
-0.44-0.45-0.470.47-0.110.320.27-0.69-0.11-0.45-0.480.430.030.130.35-0.66-0.60.33-1.0-0.190.26-0.33-0.410.32-0.43
-0.090.6-0.20.550.390.410.35-0.42-0.22-0.75-0.380.580.380.630.46-0.36-0.150.33-0.330.40.3-0.55-0.850.79-0.06
0.450.440.48-0.480.11-0.33-0.270.70.120.440.49-0.44-0.03-0.14-0.350.670.6-1.0-0.330.18-0.270.340.42-0.330.44
0.240.70.120.320.050.430.42-0.13-0.28-0.13-0.230.49-0.210.710.29-0.040.59-0.190.40.18-0.19-0.12-0.260.370.05
-0.190.05-0.220.33-0.080.240.19-0.36-0.22-0.16-0.340.210.150.180.25-0.35-0.090.260.3-0.27-0.19-0.23-0.240.04-0.37
0.51-0.380.56-0.34-0.33-0.2-0.060.640.690.690.65-0.26-0.14-0.24-0.180.650.48-0.33-0.550.34-0.12-0.230.76-0.580.4
0.29-0.490.38-0.58-0.47-0.43-0.340.590.410.830.56-0.56-0.4-0.53-0.420.570.4-0.41-0.850.42-0.26-0.240.76-0.890.16
-0.060.48-0.170.540.470.460.41-0.4-0.2-0.84-0.360.660.440.640.46-0.36-0.230.320.79-0.330.370.04-0.58-0.890.09
0.810.230.85-0.170.64-0.080.040.840.73-0.040.87-0.290.02-0.160.120.870.18-0.43-0.060.440.05-0.370.40.160.09
Click cells to compare fundamentals

Globex Mining Account Relationship Matchups

Globex Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8M12.0M37.5M31.3M32.4M34.0M
Total Current Liabilities130.2K185.8K2.6M209.8K171.4K162.8K
Total Stockholder Equity4.6M10.9M34.9M31.0M32.3M33.9M
Property Plant And Equipment Net399.5K389.7K847.8K929.8K1.0M986.9K
Retained Earnings(56.2M)(50.2M)(26.5M)(30.6M)(29.1M)(30.5M)
Non Current Assets Total1.2M1.2M7.7M6.5M4.1M3.9M
Non Currrent Assets Other781.8K821.6K6.8M5.5M6.3M4.9M
Cash And Short Term Investments3.0M10.5M26.7M21.6M24.6M25.9M
Net Receivables277.0K221.6K132.6K1.1M3.6M3.8M
Common Stock Shares Outstanding52.9M55.3M56.8M55.5M56.5M31.1M
Short Term Investments1.4M5.7M14.6M20.1M21.2M22.3M
Liabilities And Stockholders Equity5.8M12.0M37.5M31.3M32.4M34.0M
Non Current Liabilities Total1.0M964.3K109.3K154.6K139.1K132.2K
Other Stockholder Equity4.9M5.0M4.9M5.0M5.1M4.9M
Total Liab1.2M1.2M2.6M209.8K171.4K162.8K
Property Plant And Equipment Gross399.5K389.7K1.6M1.7M1.6M2.7M
Total Current Assets4.6M10.8M29.8M24.7M28.3M29.7M
Other Current Liab32.1K39.3K2.5M55.2K62.7K59.6K
Net Debt(1.6M)(4.7M)(12.1M)(1.5M)(3.4M)(3.3M)
Accounts Payable98.0K146.5K109.3K154.6K108.7K103.3K
Cash1.6M4.8M12.1M1.5M3.4M3.6M
Other Current Assets64.3K133.4K3.0M73.4K82.4K78.3K
Common Stock Total Equity55.9M55.7M55.9M56.1M64.5M59.3M
Common Stock55.9M56.1M56.5M56.7M56.2M59.1M
Other Liab973.5K862.0K1.0M913.2K821.9K1.1M
Net Tangible Assets4.6M4.6M10.9M34.9M40.1M42.1M
Other Assets781.8K821.6K6.7M159.9K183.8K174.6K
Long Term Investments8.5K7.6K5.6K128.7K115.8K121.6K
Property Plant Equipment399.5K389.7K1.0M929.8K836.9K795.0K
Capital Surpluse4.9M5.0M4.9M5.0M5.7M5.3M
Net Invested Capital4.6M10.9M34.9M31.0M35.7M37.5M
Net Working Capital4.5M10.6M27.2M24.5M28.2M29.6M

Pair Trading with Globex Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Globex Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Globex Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Globex Stock

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  0.9FDY Faraday Copper CorpPairCorr

Moving against Globex Stock

  0.48INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to Globex Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globex Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Globex Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Globex Mining Enterprises to buy it.
The correlation of Globex Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Globex Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globex Mining Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Globex Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Globex Stock

Balance Sheet is a snapshot of the financial position of Globex Mining Enterprises at a specified time, usually calculated after every quarter, six months, or one year. Globex Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Globex 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 Globex currently owns. An asset can also be divided into two categories, current and non-current.