RET-A Stock | | | CAD 2.57 0.02 0.78% |
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 Total Other Income Expense Net 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reitmans Limited Total Other Income Expense Net account and
Selling General Administrative. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Reitmans' Total Other Income Expense Net and Selling General Administrative is -0.62. Overlapping area represents the amount of variation of Total Other Income Expense Net 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' Total Other Income Expense Net 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 Total Other Income Expense Net 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 Total Other Income Expense Net i.e., Reitmans' Total Other Income Expense Net and Selling General Administrative go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.
When running Reitmans' price analysis, check to
measure Reitmans' 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 Reitmans is operating at the current time. Most of Reitmans' value examination focuses on studying past and present price action to
predict the probability of Reitmans' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitmans' price. Additionally, you may evaluate how the addition of Reitmans to your portfolios can decrease your overall portfolio volatility.