YGMZ Stock | | | USD 0.88 0.07 7.37% |
Mingzhu Logistics financial indicator trend analysis is infinitely more than just investigating Mingzhu Logistics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingzhu Logistics is a good investment. Please check the relationship between Mingzhu Logistics Pfcf Ratio and its Book Value Per Share accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics 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 population.
Pfcf Ratio vs Book Value Per Share
Pfcf Ratio vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mingzhu Logistics Pfcf Ratio account and
Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Mingzhu Logistics' Pfcf Ratio and Book Value Per Share is -0.37. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Mingzhu Logistics Holdings, assuming nothing else is changed. The correlation between historical values of Mingzhu Logistics' Pfcf Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Mingzhu Logistics Holdings are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Pfcf Ratio i.e., Mingzhu Logistics' Pfcf Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pfcf Ratio
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Mingzhu Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingzhu Logistics 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics 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 population.
At this time, Mingzhu Logistics'
Tax Provision is fairly stable compared to the past year.
Selling General Administrative is likely to rise to about 2.3
M in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Mingzhu Logistics fundamental ratios Correlations
Click cells to compare fundamentals
Mingzhu Logistics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mingzhu Logistics fundamental ratios Accounts
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Additional Tools for Mingzhu Stock Analysis
When running Mingzhu Logistics' price analysis, check to
measure Mingzhu Logistics' 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 Mingzhu Logistics is operating at the current time. Most of Mingzhu Logistics' value examination focuses on studying past and present price action to
predict the probability of Mingzhu Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mingzhu Logistics' price. Additionally, you may evaluate how the addition of Mingzhu Logistics to your portfolios can decrease your overall portfolio volatility.