| RET Stock | | | CAD 2.74 0.16 5.52% |
Reitmans Canada financial indicator trend analysis is much more than just breaking down Reitmans Canada prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reitmans Canada is a good investment. Please check the relationship between Reitmans Canada Dividend Yield and its Ptb Ratio accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reitmans Canada. 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.
Dividend Yield vs Ptb Ratio
Dividend Yield vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Reitmans Canada Dividend Yield account and
Ptb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Reitmans Canada's Dividend Yield and Ptb Ratio is -0.02. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Reitmans Canada, assuming nothing else is changed. The correlation between historical values of Reitmans Canada's Dividend Yield and Ptb 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 Dividend Yield of Reitmans Canada are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Dividend Yield i.e., Reitmans Canada's Dividend Yield and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.02 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Dividend Yield
Dividend Yield is Reitmans Canada dividend as a percentage of Reitmans Canada stock price. Reitmans Canada dividend yield is a measure of Reitmans Canada stock productivity, which can be interpreted as interest rate earned on an Reitmans Canada investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Reitmans Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reitmans Canada 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 Canada. 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, Reitmans Canada's
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 345.4
M in 2024.
Reitmans Canada fundamental ratios Correlations
Click cells to compare fundamentals
Reitmans Canada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reitmans Canada fundamental ratios Accounts
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Additional Tools for Reitmans Stock Analysis
When running Reitmans Canada's price analysis, check to
measure Reitmans Canada'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 Reitmans Canada is operating at the current time. Most of Reitmans Canada's value examination focuses on studying past and present price action to
predict the probability of Reitmans Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reitmans Canada's price. Additionally, you may evaluate how the addition of Reitmans Canada to your portfolios can decrease your overall portfolio volatility.