Nationwide Book Value Per Share vs Price To Sales Ratio Analysis
| NWUC Stock | USD 0.0003 0.00 0.00% |
Nationwide Utilities financial indicator trend analysis is infinitely more than just investigating Nationwide Utilities recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nationwide Utilities is a good investment. Please check the relationship between Nationwide Utilities Book Value Per Share and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.
Book Value Per Share vs Price To Sales Ratio
Book Value Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nationwide Utilities Book Value Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Nationwide Utilities' Book Value Per Share and Price To Sales Ratio is -0.93. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Nationwide Utilities, assuming nothing else is changed. The correlation between historical values of Nationwide Utilities' Book Value Per Share 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 Book Value Per Share of Nationwide Utilities 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 Book Value Per Share i.e., Nationwide Utilities' Book Value Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.93 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Nationwide Utilities stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Nationwide Utilities sales, a figure that is much harder to manipulate than other Nationwide Utilities 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 Nationwide Utilities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nationwide Utilities 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.The current year's Discontinued Operations is expected to grow to about 442.2 K, whereas Selling General Administrative is forecasted to decline to about 4.1 M.
Nationwide Utilities fundamental ratios Correlations
Click cells to compare fundamentals
Nationwide Utilities Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Nationwide Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nationwide Utilities' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nationwide Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nationwide Utilities Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For information on how to trade Nationwide Stock refer to our How to Trade Nationwide Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nationwide Utilities. If investors know Nationwide will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nationwide Utilities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (22.27) |
The market value of Nationwide Utilities is measured differently than its book value, which is the value of Nationwide that is recorded on the company's balance sheet. Investors also form their own opinion of Nationwide Utilities' value that differs from its market value or its book value, called intrinsic value, which is Nationwide Utilities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nationwide Utilities' market value can be influenced by many factors that don't directly affect Nationwide Utilities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nationwide Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Utilities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.