GTX Stock | | | USD 8.96 0.09 0.99% |
Garrett Motion financial indicator trend analysis is much more than just examining Garrett Motion latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garrett Motion is a good investment. Please check the relationship between Garrett Motion Ptb Ratio and its Book Value Per Share accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garrett Motion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Garrett Stock please use our
How to Invest in Garrett Motion guide.
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
Garrett Motion Ptb Ratio account and
Book Value Per Share. At this time, the significance of the direction appears to have pay attention.
The correlation between Garrett Motion's Ptb Ratio and Book Value Per Share is -0.83. 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 Garrett Motion, assuming nothing else is changed. The correlation between historical values of Garrett Motion's 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 Garrett Motion 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., Garrett Motion's Ptb Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.83 |
Relationship Direction | Negative |
Relationship Strength | Significant |
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 Garrett Motion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Garrett Motion 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 Garrett Motion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Garrett Stock please use our
How to Invest in Garrett Motion guide.
Selling General Administrative is likely to rise to about 252.9
M in 2024, whereas
Tax Provision is likely to drop slightly above 75.4
M in 2024.
Garrett Motion fundamental ratios Correlations
Click cells to compare fundamentals
Garrett Motion Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Garrett Motion fundamental ratios Accounts
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Additional Tools for Garrett Stock Analysis
When running Garrett Motion's price analysis, check to
measure Garrett Motion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garrett Motion is operating at the current time. Most of Garrett Motion's value examination focuses on studying past and present price action to
predict the probability of Garrett Motion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garrett Motion's price. Additionally, you may evaluate how the addition of Garrett Motion to your portfolios can decrease your overall portfolio volatility.