| INBX Stock | | | USD 15.26 0.37 2.37% |
Inhibrx financial indicator trend analysis is infinitely more than just investigating Inhibrx recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inhibrx is a good investment. Please check the relationship between Inhibrx Days Payables Outstanding 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 Inhibrx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy Inhibrx Stock please use our
How to Invest in Inhibrx guide.
Days Payables Outstanding vs Price To Sales Ratio
Days Payables Outstanding vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inhibrx Days Payables Outstanding account and
Price To Sales Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Inhibrx's Days Payables Outstanding and Price To Sales Ratio is 0.96. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Inhibrx, assuming nothing else is changed. The correlation between historical values of Inhibrx's Days Payables Outstanding 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 Days Payables Outstanding of Inhibrx 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 Days Payables Outstanding i.e., Inhibrx's Days Payables Outstanding and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Days Payables Outstanding
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Inhibrx stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Inhibrx sales, a figure that is much harder to manipulate than other Inhibrx 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 Inhibrx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inhibrx 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 Inhibrx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
For more information on how to buy Inhibrx Stock please use our
How to Invest in Inhibrx guide.At this time, Inhibrx's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to rise to about 210
M in 2024, whereas
Tax Provision is likely to drop 2,565 in 2024.
Inhibrx fundamental ratios Correlations
Click cells to compare fundamentals
Inhibrx Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Inhibrx fundamental ratios Accounts
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Additional Tools for Inhibrx Stock Analysis
When running Inhibrx's price analysis, check to
measure Inhibrx'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 Inhibrx is operating at the current time. Most of Inhibrx's value examination focuses on studying past and present price action to
predict the probability of Inhibrx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inhibrx's price. Additionally, you may evaluate how the addition of Inhibrx to your portfolios can decrease your overall portfolio volatility.