| SAY Stock | | | CAD 0.02 0.00 0.00% |
Sparta Capital financial indicator trend analysis is much more than just breaking down Sparta Capital prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sparta Capital is a good investment. Please check the relationship between Sparta Capital Price To Sales Ratio and its Pb Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sparta 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 board of governors.
Price To Sales Ratio vs Pb Ratio
Price To Sales Ratio vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sparta Capital Price To Sales Ratio account and
Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sparta Capital's Price To Sales Ratio and Pb Ratio is -0.42. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Sparta Capital, assuming nothing else is changed. The correlation between historical values of Sparta Capital's Price To Sales Ratio and Pb 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 Sparta Capital are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Price To Sales Ratio i.e., Sparta Capital's Price To Sales Ratio and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.42 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sparta Capital stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sparta Capital sales, a figure that is much harder to manipulate than other Sparta Capital 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.
Pb Ratio
Most indicators from Sparta Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sparta Capital 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sparta 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 board of governors.
At this time, Sparta Capital's
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to climb to about 4.4
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.49 in 2024.
Sparta Capital fundamental ratios Correlations
Click cells to compare fundamentals
Sparta Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sparta Capital fundamental ratios Accounts
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Additional Tools for Sparta Stock Analysis
When running Sparta Capital's price analysis, check to
measure Sparta Capital'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 Sparta Capital is operating at the current time. Most of Sparta Capital's value examination focuses on studying past and present price action to
predict the probability of Sparta Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sparta Capital's price. Additionally, you may evaluate how the addition of Sparta Capital to your portfolios can decrease your overall portfolio volatility.