| OIII Stock | | | CAD 1.66 0.01 0.61% |
O3 Mining financial indicator trend analysis is much more than just breaking down O3 Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether O3 Mining is a good investment. Please check the relationship between O3 Mining Price To Sales Ratio and its Ptb Ratio accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in O3 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Price To Sales Ratio vs Ptb Ratio
Price To Sales Ratio vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
O3 Mining Price To Sales Ratio account and
Ptb Ratio. At this time, the significance of the direction appears to have almost no relationship.
The correlation between O3 Mining's Price To Sales Ratio and Ptb Ratio is 0.12. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of O3 Mining, assuming nothing else is changed. The correlation between historical values of O3 Mining's Price To Sales Ratio 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 Price To Sales Ratio of O3 Mining 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 Price To Sales Ratio i.e., O3 Mining's Price To Sales Ratio and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.12 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing O3 Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on O3 Mining sales, a figure that is much harder to manipulate than other O3 Mining 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.
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 O3 Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into O3 Mining 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in O3 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
At this time, O3 Mining's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 24.7
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(14.56) in 2024.
O3 Mining fundamental ratios Correlations
Click cells to compare fundamentals
O3 Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
O3 Mining fundamental ratios Accounts
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Additional Tools for OIII Stock Analysis
When running O3 Mining's price analysis, check to
measure O3 Mining'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 O3 Mining is operating at the current time. Most of O3 Mining's value examination focuses on studying past and present price action to
predict the probability of O3 Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move O3 Mining's price. Additionally, you may evaluate how the addition of O3 Mining to your portfolios can decrease your overall portfolio volatility.