First Pocfratio vs Book Value Per Share Analysis
FTHY Stock | USD 14.69 0.10 0.69% |
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 Pocfratio and its Book Value Per Share 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.
Pocfratio vs Book Value Per Share
Pocfratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Trust High Pocfratio account and Book Value Per Share. At this time, the significance of the direction appears to have pay attention.
The correlation between First Trust's Pocfratio and Book Value Per Share is -0.75. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Book Value Per Share 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 Pocfratio 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 Pocfratio of First Trust High 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 Pocfratio i.e., First Trust's Pocfratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.75 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Pocfratio
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 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 Income | 60.2M | 51.7M | 51.2M | 43.5M | Net Interest Income | 57.3M | 44.7M | 42.6M | 39.3M |
First Trust fundamental ratios Correlations
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First Trust Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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