| SGML Stock | | | 19.43 0.97 4.75% |
Sigma Lithium financial indicator trend analysis is much more than just breaking down Sigma Lithium Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sigma Lithium Resources is a good investment. Please check the relationship between Sigma Lithium Book Value Per Share and its Average Payables accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sigma Lithium Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Book Value Per Share vs Average Payables
Book Value Per Share vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sigma Lithium Resources Book Value Per Share account and
Average Payables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Sigma Lithium's Book Value Per Share and Average Payables is 0.36. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Average Payables in the same time period over historical financial statements of Sigma Lithium Resources, assuming nothing else is changed. The correlation between historical values of Sigma Lithium's Book Value Per Share and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Sigma Lithium Resources are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Book Value Per Share i.e., Sigma Lithium's Book Value Per Share and Average Payables go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from Sigma Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sigma Lithium Resources 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sigma Lithium Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Sigma Lithium's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 3.7
M in 2024.
Sigma Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Sigma Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sigma Lithium fundamental ratios Accounts
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Additional Tools for Sigma Stock Analysis
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