Sky Price To Sales Ratio vs Interest Coverage Analysis
| SKYH-WT Stock | 2.88 0.28 8.86% |
Sky Harbour financial indicator trend analysis is much more than just breaking down Sky Harbour Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sky Harbour Group is a good investment. Please check the relationship between Sky Harbour Price To Sales Ratio and its Interest Coverage accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sky Harbour Group. 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 Interest Coverage
Price To Sales Ratio vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sky Harbour Group Price To Sales Ratio account and Interest Coverage. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sky Harbour's Price To Sales Ratio and Interest Coverage is 0.8. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Sky Harbour Group, assuming nothing else is changed. The correlation between historical values of Sky Harbour's Price To Sales Ratio and Interest Coverage 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 Sky Harbour Group are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Price To Sales Ratio i.e., Sky Harbour's Price To Sales Ratio and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sky Harbour Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sky Harbour sales, a figure that is much harder to manipulate than other Sky Harbour Group 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.Interest Coverage
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Additional Tools for Sky Stock Analysis
When running Sky Harbour's price analysis, check to measure Sky Harbour'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 Sky Harbour is operating at the current time. Most of Sky Harbour's value examination focuses on studying past and present price action to predict the probability of Sky Harbour's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Harbour's price. Additionally, you may evaluate how the addition of Sky Harbour to your portfolios can decrease your overall portfolio volatility.