| RPX Stock | | | CAD 0.13 0.01 8.33% |
Red Pine financial indicator trend analysis is much more than just breaking down Red Pine Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Pine Exploration is a good investment. Please check the relationship between Red Pine Free Cash Flow Yield and its Ptb Ratio accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Pine Exploration. 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.
Free Cash Flow Yield vs Ptb Ratio
Free Cash Flow Yield vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Pine Exploration Free Cash Flow Yield account and
Ptb Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Red Pine's Free Cash Flow Yield and Ptb Ratio is 0.4. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Red Pine Exploration, assuming nothing else is changed. The correlation between historical values of Red Pine's Free Cash Flow 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 Free Cash Flow Yield of Red Pine Exploration 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 Free Cash Flow Yield i.e., Red Pine's Free Cash Flow Yield and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market 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 Red Pine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Pine Exploration 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 Red Pine Exploration. 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.
Selling General Administrative is likely to climb to about 2.8
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 10.8
M in 2024.
Red Pine fundamental ratios Correlations
Click cells to compare fundamentals
Red Pine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Pine 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 Red Stock Analysis
When running Red Pine's price analysis, check to
measure Red Pine'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 Red Pine is operating at the current time. Most of Red Pine's value examination focuses on studying past and present price action to
predict the probability of Red Pine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Pine's price. Additionally, you may evaluate how the addition of Red Pine to your portfolios can decrease your overall portfolio volatility.