MCBS Stock | | | USD 34.34 0.07 0.20% |
MetroCity Bankshares financial indicator trend analysis is infinitely more than just investigating MetroCity Bankshares recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MetroCity Bankshares is a good investment. Please check the relationship between MetroCity Bankshares Book Value Per Share and its Ptb Ratio accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MetroCity Bankshares. 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 MetroCity Stock please use our
How to Invest in MetroCity Bankshares guide.
Book Value Per Share vs Ptb Ratio
Book Value Per Share vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MetroCity Bankshares Book Value Per Share account and
Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MetroCity Bankshares' Book Value Per Share and Ptb Ratio is -0.02. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of MetroCity Bankshares, assuming nothing else is changed. The correlation between historical values of MetroCity Bankshares' Book Value Per Share 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 Book Value Per Share of MetroCity Bankshares 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 Book Value Per Share i.e., MetroCity Bankshares' Book Value Per Share and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
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 MetroCity Bankshares' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MetroCity Bankshares 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 MetroCity Bankshares. 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 MetroCity Stock please use our
How to Invest in MetroCity Bankshares guide.At this time, MetroCity Bankshares'
Enterprise Value Over EBITDA is comparatively stable compared to the past year.
Enterprise Value Multiple is likely to gain to 4,539 in 2024, whereas
Selling General Administrative is likely to drop slightly above 24.5
M in 2024.
MetroCity Bankshares fundamental ratios Correlations
Click cells to compare fundamentals
MetroCity Bankshares Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MetroCity Bankshares fundamental ratios Accounts
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Additional Tools for MetroCity Stock Analysis
When running MetroCity Bankshares' price analysis, check to
measure MetroCity Bankshares' 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 MetroCity Bankshares is operating at the current time. Most of MetroCity Bankshares' value examination focuses on studying past and present price action to
predict the probability of MetroCity Bankshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MetroCity Bankshares' price. Additionally, you may evaluate how the addition of MetroCity Bankshares to your portfolios can decrease your overall portfolio volatility.