| REX Stock | | | CAD 0.16 0.01 5.88% |
Orex Minerals financial indicator trend analysis is much more than just breaking down Orex Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orex Minerals is a good investment. Please check the relationship between Orex Minerals Price To Sales Ratio and its Ptb Ratio accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orex Minerals. 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.
Price To Sales Ratio vs Ptb Ratio
Price To Sales Ratio vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Orex Minerals Price To Sales Ratio account and
Ptb Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Orex Minerals' Price To Sales Ratio and Ptb Ratio is 0.24. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Orex Minerals, assuming nothing else is changed. The correlation between historical values of Orex Minerals' Price To Sales Ratio 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 Price To Sales Ratio of Orex Minerals 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 Price To Sales Ratio i.e., Orex Minerals' Price To Sales Ratio and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Orex Minerals stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Orex Minerals sales, a figure that is much harder to manipulate than other Orex Minerals 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.
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 Orex Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orex Minerals 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 Orex Minerals. 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, Orex Minerals'
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 4.6
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 162.6
K in 2024.
Orex Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Orex Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orex Minerals fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Orex Stock Analysis
When running Orex Minerals' price analysis, check to
measure Orex Minerals' 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 Orex Minerals is operating at the current time. Most of Orex Minerals' value examination focuses on studying past and present price action to
predict the probability of Orex Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orex Minerals' price. Additionally, you may evaluate how the addition of Orex Minerals to your portfolios can decrease your overall portfolio volatility.