IOBT Cash Per Share vs Pfcf Ratio Analysis
IOBT Stock | USD 0.89 0.04 4.71% |
IO Biotech financial indicator trend analysis is infinitely more than just investigating IO Biotech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IO Biotech is a good investment. Please check the relationship between IO Biotech Cash Per Share and its Pfcf Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IO Biotech. 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. For more information on how to buy IOBT Stock please use our How to Invest in IO Biotech guide.
Cash Per Share vs Pfcf Ratio
Cash Per Share vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IO Biotech Cash Per Share account and Pfcf Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between IO Biotech's Cash Per Share and Pfcf Ratio is 0.88. Overlapping area represents the amount of variation of Cash Per Share that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of IO Biotech, assuming nothing else is changed. The correlation between historical values of IO Biotech's Cash Per Share and Pfcf 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 Cash Per Share of IO Biotech are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Cash Per Share i.e., IO Biotech's Cash Per Share and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash Per Share
Pfcf Ratio
Most indicators from IO Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IO Biotech 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 IO Biotech. 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. For more information on how to buy IOBT Stock please use our How to Invest in IO Biotech guide.At this time, IO Biotech's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.68 in 2024, despite the fact that Enterprise Value is likely to grow to (80.3 M).
IO Biotech fundamental ratios Correlations
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IO Biotech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for IOBT Stock Analysis
When running IO Biotech's price analysis, check to measure IO Biotech'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 IO Biotech is operating at the current time. Most of IO Biotech's value examination focuses on studying past and present price action to predict the probability of IO Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IO Biotech's price. Additionally, you may evaluate how the addition of IO Biotech to your portfolios can decrease your overall portfolio volatility.