MKR Stock | | | CAD 0.09 0.01 6.25% |
Melkior Resources financial indicator trend analysis is infinitely more than just investigating Melkior Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Melkior Resources is a good investment. Please check the relationship between Melkior Resources Ev To Sales and its Ptb Ratio accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melkior Resources. 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.
Ev To Sales vs Ptb Ratio
Ev To Sales vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Melkior Resources Ev To Sales account and
Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Melkior Resources' Ev To Sales and Ptb Ratio is -0.14. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Melkior Resources, assuming nothing else is changed. The correlation between historical values of Melkior Resources' Ev To Sales 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 Ev To Sales of Melkior Resources 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 Ev To Sales i.e., Melkior Resources' Ev To Sales and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.14 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.
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 Melkior Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Melkior Resources 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 Melkior Resources. 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.
Selling General Administrative is likely to drop to about 135.1
K in 2024.
Issuance Of Capital Stock is likely to drop to about 940.2
K in 2024
Melkior Resources fundamental ratios Correlations
Click cells to compare fundamentals
Melkior Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Melkior Resources fundamental ratios Accounts
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Additional Tools for Melkior Stock Analysis
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measure Melkior Resources' 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 Melkior Resources is operating at the current time. Most of Melkior Resources' value examination focuses on studying past and present price action to
predict the probability of Melkior Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melkior Resources' price. Additionally, you may evaluate how the addition of Melkior Resources to your portfolios can decrease your overall portfolio volatility.