XLY Stock | | | CAD 0.04 0 7.14% |
Auxly Cannabis financial indicator trend analysis is way more than just evaluating Auxly Cannabis Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Auxly Cannabis Group is a good investment. Please check the relationship between Auxly Cannabis Ptb Ratio and its Book Value Per Share accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Auxly Cannabis Group. 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.
Ptb Ratio vs Book Value Per Share
Ptb 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
Auxly Cannabis Group Ptb Ratio account and
Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Auxly Cannabis' Ptb Ratio and Book Value Per Share is -0.28. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Auxly Cannabis Group, assuming nothing else is changed. The correlation between historical values of Auxly Cannabis' Ptb 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 Ptb Ratio of Auxly Cannabis Group 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 Ptb Ratio i.e., Auxly Cannabis' Ptb Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
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.
Most indicators from Auxly Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Auxly Cannabis Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Auxly Cannabis Group. 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.
As of the 28th of November 2024,
Discontinued Operations is likely to grow to about 14.7
M, while
Selling General Administrative is likely to drop about 19.5
M.
Auxly Cannabis fundamental ratios Correlations
Click cells to compare fundamentals
Auxly Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Auxly Cannabis fundamental ratios Accounts
Other Information on Investing in Auxly Stock
Balance Sheet is a snapshot of the
financial position of Auxly Cannabis Group at a specified time, usually calculated after every quarter, six months, or one year. Auxly Cannabis Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Auxly Cannabis and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Auxly currently owns. An asset can also be divided into two categories, current and non-current.