First Operating Cash Flow Per Share vs Pb Ratio Analysis

FTHY Stock  USD 14.66  0.03  0.20%   
First Trust financial indicator trend analysis is much more than just examining First Trust High latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Trust High is a good investment. Please check the relationship between First Trust Operating Cash Flow Per Share and its Pb Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Operating Cash Flow Per Share vs Pb Ratio

Operating Cash Flow Per Share vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Trust High Operating Cash Flow Per Share account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between First Trust's Operating Cash Flow Per Share and Pb Ratio is -0.38. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of First Trust High, assuming nothing else is changed. The correlation between historical values of First Trust's Operating Cash Flow Per Share and Pb 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 Operating Cash Flow Per Share of First Trust High are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Operating Cash Flow Per Share i.e., First Trust's Operating Cash Flow Per Share and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Operating Cash Flow Per Share

A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.

Pb Ratio

Most indicators from First Trust's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Trust High 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
At this time, First Trust's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 870.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 737.1 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Income60.2M51.7M51.2M43.5M
Net Interest Income57.3M44.7M42.6M39.3M

First Trust fundamental ratios Correlations

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0.98-0.750.750.940.940.930.750.80.98-0.980.870.80.770.651.00.720.641.00.980.980.78-0.73-0.730.64
-0.85-0.75-1.0-0.89-0.72-0.93-1.0-0.99-0.850.86-0.84-0.99-0.6-0.54-0.75-0.57-0.51-0.78-0.84-0.85-0.630.560.56-0.53
0.850.75-1.00.890.720.931.00.990.85-0.860.850.990.610.550.750.570.520.780.840.850.63-0.57-0.570.54
0.990.94-0.890.890.940.980.890.920.99-0.980.980.920.810.770.940.770.770.950.990.990.82-0.74-0.740.76
0.950.94-0.720.720.940.890.720.750.95-0.940.930.750.70.860.940.910.820.940.960.950.71-0.89-0.890.85
0.980.93-0.930.930.980.890.930.960.98-0.980.940.960.790.650.930.670.650.950.980.980.81-0.66-0.660.64
0.850.75-1.01.00.890.720.930.990.85-0.860.850.990.610.550.750.570.520.780.840.850.63-0.57-0.570.54
0.890.8-0.990.990.920.750.960.990.89-0.90.871.00.690.530.80.540.530.830.880.890.71-0.54-0.540.52
1.00.98-0.850.850.990.950.980.850.89-1.00.950.890.80.730.980.760.720.981.01.00.81-0.75-0.750.72
-1.0-0.980.86-0.86-0.98-0.94-0.98-0.86-0.9-1.0-0.93-0.9-0.78-0.69-0.98-0.74-0.68-0.99-1.0-1.0-0.80.740.74-0.68
0.950.87-0.840.850.980.930.940.850.870.95-0.930.870.830.860.870.80.870.890.950.950.84-0.74-0.740.85
0.890.8-0.990.990.920.750.960.991.00.89-0.90.870.690.530.80.540.530.830.880.890.71-0.54-0.540.52
0.810.77-0.60.610.810.70.790.610.690.8-0.780.830.690.570.770.410.710.780.810.81.0-0.31-0.310.57
0.730.65-0.540.550.770.860.650.550.530.73-0.690.860.530.570.650.930.970.660.730.730.58-0.85-0.851.0
0.981.0-0.750.750.940.940.930.750.80.98-0.980.870.80.770.650.720.641.00.980.980.78-0.73-0.730.64
0.760.72-0.570.570.770.910.670.570.540.76-0.740.80.540.410.930.720.830.730.760.760.42-0.98-0.980.93
0.720.64-0.510.520.770.820.650.520.530.72-0.680.870.530.710.970.640.830.640.720.720.71-0.72-0.720.97
0.981.0-0.780.780.950.940.950.780.830.98-0.990.890.830.780.661.00.730.640.990.980.79-0.73-0.730.65
1.00.98-0.840.840.990.960.980.840.881.0-1.00.950.880.810.730.980.760.720.991.00.82-0.75-0.750.72
1.00.98-0.850.850.990.950.980.850.891.0-1.00.950.890.80.730.980.760.720.981.00.81-0.75-0.750.72
0.820.78-0.630.630.820.710.810.630.710.81-0.80.840.711.00.580.780.420.710.790.820.81-0.33-0.330.57
-0.74-0.730.56-0.57-0.74-0.89-0.66-0.57-0.54-0.750.74-0.74-0.54-0.31-0.85-0.73-0.98-0.72-0.73-0.75-0.75-0.331.0-0.85
-0.74-0.730.56-0.57-0.74-0.89-0.66-0.57-0.54-0.750.74-0.74-0.54-0.31-0.85-0.73-0.98-0.72-0.73-0.75-0.75-0.331.0-0.85
0.720.64-0.530.540.760.850.640.540.520.72-0.680.850.520.571.00.640.930.970.650.720.720.57-0.85-0.85
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First Trust Account Relationship Matchups

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