| LRA Stock | | | CAD 1.47 0.01 0.68% |
Lara Exploration financial indicator trend analysis is infinitely more than just investigating Lara Exploration recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lara Exploration is a good investment. Please check the relationship between Lara Exploration Price To Sales Ratio and its Days Sales Outstanding accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lara Exploration. 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 Days Sales Outstanding
Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Lara Exploration Price To Sales Ratio account and
Days Sales Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Lara Exploration's Price To Sales Ratio and Days Sales Outstanding is 0.78. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Lara Exploration, assuming nothing else is changed. The correlation between historical values of Lara Exploration's Price To Sales Ratio and Days Sales Outstanding 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 Lara Exploration are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Price To Sales Ratio i.e., Lara Exploration's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Lara Exploration stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Lara Exploration sales, a figure that is much harder to manipulate than other Lara Exploration 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.
Days Sales Outstanding
Most indicators from Lara Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lara Exploration 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lara Exploration. 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.
Tax Provision is expected to grow at the current pace this year, whereas
Selling General Administrative is likely to drop slightly above 943.6
K in 2024.
Lara Exploration fundamental ratios Correlations
Click cells to compare fundamentals
Lara Exploration Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Lara Exploration fundamental ratios Accounts
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Additional Tools for Lara Stock Analysis
When running Lara Exploration's price analysis, check to
measure Lara Exploration'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 Lara Exploration is operating at the current time. Most of Lara Exploration's value examination focuses on studying past and present price action to
predict the probability of Lara Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lara Exploration's price. Additionally, you may evaluate how the addition of Lara Exploration to your portfolios can decrease your overall portfolio volatility.