| RELIW Stock | | | USD 0.04 0.00 0.00% |
Reliance Global financial indicator trend analysis is much more than just breaking down Reliance Global Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Global Group is a good investment. Please check the relationship between Reliance Global Average Payables 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 Reliance Global 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 gross domestic product.
Average Payables vs Price To Sales Ratio
Average Payables vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reliance Global Group Average Payables account and
Price To Sales Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Reliance Global's Average Payables and Price To Sales Ratio is -0.72. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Average Payables 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 Average Payables of Reliance Global Group 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 Average Payables i.e., Reliance Global's Average Payables and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.72 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Reliance Global Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Reliance Global sales, a figure that is much harder to manipulate than other Reliance Global Group 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 Reliance Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Global 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global 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 gross domestic product.
Selling General Administrative is likely to drop to about 2.7
M in 2024.
Issuance Of Capital Stock is likely to drop to about 3.3
M in 2024
Reliance Global fundamental ratios Correlations
Click cells to compare fundamentals
Reliance Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Global fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Reliance Stock Analysis
When running Reliance Global's price analysis, check to
measure Reliance Global'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 Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to
predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.