ITR Stock | | | CAD 1.33 0.05 3.62% |
Integra Resources financial indicator trend analysis is infinitely more than just investigating Integra Resources Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Integra Resources Corp is a good investment. Please check the relationship between Integra Resources Inventory Turnover and its Ptb Ratio accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integra Resources Corp. 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.
Inventory Turnover vs Ptb Ratio
Inventory Turnover vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Integra Resources Corp Inventory Turnover account and
Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Integra Resources' Inventory Turnover and Ptb Ratio is -0.44. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Integra Resources Corp, assuming nothing else is changed. The correlation between historical values of Integra Resources' Inventory Turnover and Ptb 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 Inventory Turnover of Integra Resources Corp are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Inventory Turnover i.e., Integra Resources' Inventory Turnover and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
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.
Most indicators from Integra Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Integra Resources Corp 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 Integra Resources Corp. 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.
At this time, Integra Resources'
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 36.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 16.9
M in 2024.
Integra Resources fundamental ratios Correlations
Click cells to compare fundamentals
Integra Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Integra Resources fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for Integra Stock Analysis
When running Integra Resources' price analysis, check to
measure Integra Resources' 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 Integra Resources is operating at the current time. Most of Integra Resources' value examination focuses on studying past and present price action to
predict the probability of Integra Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integra Resources' price. Additionally, you may evaluate how the addition of Integra Resources to your portfolios can decrease your overall portfolio volatility.