| PT Stock | | | USD 1.00 0.04 4.17% |
Pintec Technology financial indicator trend analysis is much more than just breaking down Pintec Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pintec Technology is a good investment. Please check the relationship between Pintec Technology Days Of Inventory On Hand and its Price To Sales Ratio accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pintec Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Days Of Inventory On Hand vs Price To Sales Ratio
Days Of Inventory On Hand vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pintec Technology Days Of Inventory On Hand account and
Price To Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Pintec Technology's Days Of Inventory On Hand and Price To Sales Ratio is -0.54. Overlapping area represents the amount of variation of Days Of Inventory On Hand that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Pintec Technology Holdings, assuming nothing else is changed. The correlation between historical values of Pintec Technology's Days Of Inventory On Hand and Price To Sales 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 Days Of Inventory On Hand of Pintec Technology Holdings are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Days Of Inventory On Hand i.e., Pintec Technology's Days Of Inventory On Hand and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.54 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Days Of Inventory On Hand
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Pintec Technology stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Pintec Technology sales, a figure that is much harder to manipulate than other Pintec Technology Holdings 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.
Most indicators from Pintec Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pintec Technology 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pintec Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Sales General And Administrative To Revenue is likely to gain to 0.64 in 2024, despite the fact that
Tax Provision is likely to grow to (13.2
M).
Pintec Technology fundamental ratios Correlations
Click cells to compare fundamentals
Pintec Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pintec Technology fundamental ratios Accounts
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Additional Tools for Pintec Stock Analysis
When running Pintec Technology's price analysis, check to
measure Pintec Technology'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 Pintec Technology is operating at the current time. Most of Pintec Technology's value examination focuses on studying past and present price action to
predict the probability of Pintec Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pintec Technology's price. Additionally, you may evaluate how the addition of Pintec Technology to your portfolios can decrease your overall portfolio volatility.