Rent Roic vs Pe Ratio Analysis
RENT Stock | USD 10.05 0.04 0.40% |
Rent The financial indicator trend analysis is much more than just breaking down Rent the Runway prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rent the Runway is a good investment. Please check the relationship between Rent The Roic and its Pe Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rent the Runway. 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.
Roic vs Pe Ratio
Roic vs Pe Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rent the Runway Roic account and Pe Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Rent The's Roic and Pe Ratio is 0.25. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Pe Ratio in the same time period over historical financial statements of Rent the Runway, assuming nothing else is changed. The correlation between historical values of Rent The's Roic and Pe 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 Roic of Rent the Runway are associated (or correlated) with its Pe Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pe Ratio has no effect on the direction of Roic i.e., Rent The's Roic and Pe Ratio go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Pe Ratio
Most indicators from Rent The's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rent the Runway 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 Rent the Runway. 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. At this time, Rent The's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.58 in 2024, whereas Enterprise Value is likely to drop slightly above 298.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 329.2M | 392.3M | 199.7M | 148.2M | Cost Of Revenue | 133.6M | 92.2M | 178.5M | 99.9M |
Rent The fundamental ratios Correlations
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Rent The Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Rent Stock Analysis
When running Rent The's price analysis, check to measure Rent The'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 Rent The is operating at the current time. Most of Rent The's value examination focuses on studying past and present price action to predict the probability of Rent The's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rent The's price. Additionally, you may evaluate how the addition of Rent The to your portfolios can decrease your overall portfolio volatility.