Greenfire Dividend Yield vs Price To Sales Ratio Analysis
| GFR Stock | 9.51 0.13 1.35% |
Greenfire Resources financial indicator trend analysis is much more than just examining Greenfire Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Greenfire Resources is a good investment. Please check the relationship between Greenfire Resources Dividend Yield and its Price To Sales Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire 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 board of governors. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.
Dividend Yield vs Price To Sales Ratio
Dividend Yield vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Greenfire Resources Dividend Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Greenfire Resources' Dividend Yield and Price To Sales Ratio is 0.82. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Greenfire Resources, assuming nothing else is changed. The correlation between historical values of Greenfire Resources' Dividend Yield and Price To Sales 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 Dividend Yield of Greenfire Resources are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Dividend Yield i.e., Greenfire Resources' Dividend Yield and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Dividend Yield
Dividend Yield is Greenfire Resources dividend as a percentage of Greenfire Resources stock price. Greenfire Resources dividend yield is a measure of Greenfire Resources stock productivity, which can be interpreted as interest rate earned on an Greenfire Resources investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Greenfire Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Greenfire Resources sales, a figure that is much harder to manipulate than other Greenfire Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Greenfire Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Greenfire 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire 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 board of governors. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.At this time, Greenfire Resources' Tax Provision is very stable compared to the past year. As of the 15th of December 2024, Issuance Of Capital Stock is likely to grow to about 81 M, while Selling General Administrative is likely to drop about 67.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 512.7M | 279.5M | 321.4M | 341.6M | Total Revenue | 998.8M | 676.0M | 777.4M | 713.3M |
Greenfire Resources fundamental ratios Correlations
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Greenfire Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Greenfire Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Greenfire Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Greenfire Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenfire Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Greenfire Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Greenfire Resources to buy it.
The correlation of Greenfire Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Greenfire Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenfire 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 board of governors. To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.