| TK Stock | | | CAD 0.1 0.01 5.00% |
Tinka Resources financial indicator trend analysis is much more than just breaking down Tinka Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tinka Resources is a good investment. Please check the relationship between Tinka Resources Roe and its Ptb Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tinka Resources Limited. 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.
Roe vs Ptb Ratio
Roe vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tinka Resources Roe account and
Ptb Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Tinka Resources' Roe and Ptb Ratio is -0.96. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Tinka Resources Limited, assuming nothing else is changed. The correlation between historical values of Tinka Resources' Roe 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 Roe of Tinka Resources Limited 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 Roe i.e., Tinka Resources' Roe and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | -0.96 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Roe
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 Tinka Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tinka 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 Tinka Resources Limited. 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.
Selling General Administrative is likely to climb to about 2.1
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 8.2
M in 2024.
Tinka Resources fundamental ratios Correlations
Click cells to compare fundamentals
Tinka Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tinka Resources fundamental ratios Accounts
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Additional Tools for Tinka Stock Analysis
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measure Tinka Resources' 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 Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to
predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.