Oxford Days Payables Outstanding vs Ptb Ratio Analysis
| OXLCZ Stock | USD 23.72 0.04 0.17% |
Oxford Lane financial indicator trend analysis is much more than just breaking down Oxford Lane Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oxford Lane Capital is a good investment. Please check the relationship between Oxford Lane Days Payables Outstanding and its Ptb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oxford Lane Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Days Payables Outstanding vs Ptb Ratio
Days Payables Outstanding vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Oxford Lane Capital Days Payables Outstanding account and Ptb Ratio. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Oxford Lane's Days Payables Outstanding and Ptb Ratio is 0.86. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Oxford Lane Capital, assuming nothing else is changed. The correlation between historical values of Oxford Lane's Days Payables Outstanding 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 Days Payables Outstanding of Oxford Lane Capital 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 Days Payables Outstanding i.e., Oxford Lane's Days Payables Outstanding and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Days Payables Outstanding
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.Also Currently Popular
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