Primega Net Invested Capital vs Common Stock Shares Outstanding Analysis
| PGHL Stock | 1.65 105.71 98.46% |
Primega Group financial indicator trend analysis is much more than just breaking down Primega Group Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primega Group Holdings is a good investment. Please check the relationship between Primega Group Net Invested Capital and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Net Invested Capital vs Common Stock Shares Outstanding
Net Invested Capital vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primega Group Holdings Net Invested Capital account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Primega Group's Net Invested Capital and Common Stock Shares Outstanding is -0.61. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Primega Group Holdings, assuming nothing else is changed. The correlation between historical values of Primega Group's Net Invested Capital and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Primega Group Holdings are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Invested Capital i.e., Primega Group's Net Invested Capital and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | -0.61 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most indicators from Primega Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primega Group Holdings 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 Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. The value of Tax Provision is estimated to slide to about 228.4 K. The value of Selling General Administrative is expected to slide to about 709.5 K
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 116.0K | 190.6K | 210.7K | 144.4K | Depreciation And Amortization | 586.8K | 1.1M | 1.5M | 884.2K |
Primega Group fundamental ratios Correlations
Click cells to compare fundamentals
Primega Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Marine Transportation 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 Primega Group. If investors know Primega 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 Primega Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Primega Group Holdings is measured differently than its book value, which is the value of Primega that is recorded on the company's balance sheet. Investors also form their own opinion of Primega Group's value that differs from its market value or its book value, called intrinsic value, which is Primega Group's 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 Primega Group's market value can be influenced by many factors that don't directly affect Primega Group's 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 Primega Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primega Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primega Group's 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.