| SGML Stock | | | 17.68 0.27 1.55% |
Sigma Lithium financial indicator trend analysis is much more than just breaking down Sigma Lithium Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sigma Lithium Resources is a good investment. Please check the relationship between Sigma Lithium Average Payables and its Ptb Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sigma Lithium Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Average Payables vs Ptb Ratio
Average Payables vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sigma Lithium Resources Average Payables account and
Ptb Ratio. At this time, the significance of the direction appears to have no relationship.
The correlation between Sigma Lithium's Average Payables and Ptb Ratio is 0.02. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Sigma Lithium Resources, assuming nothing else is changed. The correlation between historical values of Sigma Lithium's Average Payables 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 Average Payables of Sigma Lithium Resources 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 Average Payables i.e., Sigma Lithium's Average Payables and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.02 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
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 Sigma Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sigma Lithium Resources 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 Sigma Lithium Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, Sigma Lithium's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.9
B in 2024, whereas
Tax Provision is likely to drop slightly above 3.7
M in 2024.
Sigma Lithium fundamental ratios Correlations
Click cells to compare fundamentals
Sigma Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sigma Lithium fundamental ratios Accounts
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Additional Tools for Sigma Stock Analysis
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