| LUCK Stock | | | CAD 70.00 2.00 2.94% |
Real Luck financial indicator trend analysis is much more than just breaking down Real Luck Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Real Luck Group is a good investment. Please check the relationship between Real Luck Book Value Per Share and its Pb Ratio accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Real Luck Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Book Value Per Share vs Pb Ratio
Book Value Per Share vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Real Luck Group Book Value Per Share account and
Pb Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Real Luck's Book Value Per Share and Pb Ratio is 0.89. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Real Luck Group, assuming nothing else is changed. The correlation between historical values of Real Luck's Book Value Per Share and Pb 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 Book Value Per Share of Real Luck Group are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Book Value Per Share i.e., Real Luck's Book Value Per Share and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.
Pb Ratio
Most indicators from Real Luck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Real Luck Group 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 Real Luck Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in industry.
Tax Provision is likely to drop to 5,078 in 2024.
Selling General Administrative is likely to drop to about 8.5
M in 2024
Real Luck fundamental ratios Correlations
Click cells to compare fundamentals
Real Luck Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Real Luck fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Real Stock Analysis
When running Real Luck's price analysis, check to
measure Real Luck'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 Real Luck is operating at the current time. Most of Real Luck's value examination focuses on studying past and present price action to
predict the probability of Real Luck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Real Luck's price. Additionally, you may evaluate how the addition of Real Luck to your portfolios can decrease your overall portfolio volatility.