RET-A Stock | | | CAD 2.55 0.04 1.54% |
Reitmans financial indicator trend analysis is much more than just breaking down Reitmans Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reitmans Limited is a good investment. Please check the relationship between Reitmans Interest Income and its Selling General Administrative accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reitmans Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Interest Income vs Selling General Administrative
Interest Income vs Selling General Administrative Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reitmans Limited Interest Income account and
Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Reitmans' Interest Income and Selling General Administrative is -0.29. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Reitmans Limited, assuming nothing else is changed. The correlation between historical values of Reitmans' Interest Income and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Reitmans Limited are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Interest Income i.e., Reitmans' Interest Income and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.29 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Selling General Administrative
Most indicators from Reitmans' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reitmans Limited 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 Reitmans Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
At this time, Reitmans'
Tax Provision is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 18.2
M in 2024, whereas Selling General Administrative is likely to drop slightly above 335.1
M in 2024.
Reitmans fundamental ratios Correlations
Click cells to compare fundamentals
Reitmans Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reitmans fundamental ratios Accounts
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