SUNation Ptb Ratio vs Ev To Sales Analysis
| SUNE Stock | 2.03 0.07 3.33% |
SUNation Energy financial indicator trend analysis is much more than just breaking down SUNation Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SUNation Energy is a good investment. Please check the relationship between SUNation Energy Ptb Ratio and its Ev To Sales accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SUNation Energy. 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. For information on how to trade SUNation Stock refer to our How to Trade SUNation Stock guide.
Ptb Ratio vs Ev To Sales
Ptb Ratio vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SUNation Energy Ptb Ratio account and Ev To Sales. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SUNation Energy's Ptb Ratio and Ev To Sales is -0.52. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of SUNation Energy, assuming nothing else is changed. The correlation between historical values of SUNation Energy's Ptb Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of SUNation Energy are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Ptb Ratio i.e., SUNation Energy's Ptb Ratio and Ev To Sales go up and down completely randomly.
Correlation Coefficient | -0.52 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SUNation Energy is a strong investment it is important to analyze SUNation Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact SUNation Energy's future performance. For an informed investment choice regarding SUNation Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SUNation Energy. 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. For information on how to trade SUNation Stock refer to our How to Trade SUNation Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Electronic Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SUNation Energy. If investors know SUNation will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SUNation Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of SUNation Energy is measured differently than its book value, which is the value of SUNation that is recorded on the company's balance sheet. Investors also form their own opinion of SUNation Energy's value that differs from its market value or its book value, called intrinsic value, which is SUNation Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SUNation Energy's market value can be influenced by many factors that don't directly affect SUNation Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SUNation Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SUNation Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SUNation Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.