Snowline Price To Sales Ratio vs Book Value Per Share Analysis
| SGD Stock | 5.19 0.02 0.38% |
Snowline Gold financial indicator trend analysis is much more than just breaking down Snowline Gold Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Snowline Gold Corp is a good investment. Please check the relationship between Snowline Gold Price To Sales Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowline Gold Corp. 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 Book Value Per Share
Price To Sales Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Snowline Gold Corp Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Snowline Gold's Price To Sales Ratio and Book Value Per Share is 0.49. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Snowline Gold Corp, assuming nothing else is changed. The correlation between historical values of Snowline Gold's Price To Sales Ratio and Book Value Per Share 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 Snowline Gold Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Snowline Gold's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Snowline Gold Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Snowline Gold sales, a figure that is much harder to manipulate than other Snowline Gold Corp 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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Thematic Opportunities
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Additional Tools for Snowline Stock Analysis
When running Snowline Gold's price analysis, check to measure Snowline Gold'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 Snowline Gold is operating at the current time. Most of Snowline Gold's value examination focuses on studying past and present price action to predict the probability of Snowline Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowline Gold's price. Additionally, you may evaluate how the addition of Snowline Gold to your portfolios can decrease your overall portfolio volatility.