Sama Price To Sales Ratio vs Book Value Per Share Analysis
SME Stock | CAD 0.14 0.01 6.67% |
Sama Resources financial indicator trend analysis is much more than just breaking down Sama Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sama Resources is a good investment. Please check the relationship between Sama Resources Price To Sales Ratio and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sama 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 board of governors.
Price To Sales Ratio vs Book Value Per Share
Price To Sales 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 Sama Resources Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sama Resources' Price To Sales Ratio and Book Value Per Share is -0.12. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Sama Resources, assuming nothing else is changed. The correlation between historical values of Sama Resources' Price To Sales 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 Price To Sales Ratio of Sama Resources 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 Price To Sales Ratio i.e., Sama Resources' Price To Sales Ratio and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sama Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sama Resources sales, a figure that is much harder to manipulate than other Sama Resources 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.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 Sama Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sama 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 Sama 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 board of governors. Selling General Administrative is likely to drop to about 1.7 M in 2024. Tax Provision is likely to climb to about (269.9 K) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 73.4K | 122.9K | 172.9K | 97.0K | Net Interest Income | 66.5K | 115.7K | 172.9K | 94.8K |
Sama Resources fundamental ratios Correlations
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Sama Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sama Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 56.4M | 45.4M | 48.1M | 19.6M | 15.1M | 26.5M | |
Total Current Liabilities | 728.9K | 860.6K | 253.5K | 747.9K | 726.6K | 403.8K | |
Total Stockholder Equity | 52.4M | 41.4M | 40.0M | 23.7M | 14.1M | 24.7M | |
Net Debt | (5.2M) | (1.9M) | (1.9M) | (5.2M) | (4.6M) | (4.4M) | |
Retained Earnings | (2.3M) | (13.8M) | (15.7M) | (32.6M) | (42.5M) | (40.4M) | |
Accounts Payable | 775.5K | 611.0K | 776.0K | 253.5K | 291.5K | 372.5K | |
Cash | 5.2M | 1.9M | 2.0M | 5.2M | 1.4M | 2.7M | |
Non Current Assets Total | 43.9M | 42.4M | 44.9M | 11.3M | 10.4M | 9.9M | |
Cash And Short Term Investments | 6.4M | 1.9M | 2.0M | 5.2M | 6.0M | 3.0M | |
Common Stock Shares Outstanding | 195.9M | 216.5M | 217.7M | 219.5M | 220.1M | 118.6M | |
Liabilities And Stockholders Equity | 56.4M | 45.4M | 48.1M | 19.6M | 22.5M | 27.4M | |
Other Stockholder Equity | 5.6M | 5.9M | 6.1M | 6.5M | 7.4M | 13.8M | |
Total Liab | 4.0M | 4.1M | 6.4M | 747.9K | 726.6K | 690.3K | |
Total Current Assets | 12.5M | 3.0M | 3.2M | 8.3M | 4.7M | 3.8M | |
Net Receivables | 817.4K | 782.4K | 944.2K | 600.4K | 35.5K | 33.7K | |
Non Currrent Assets Other | 25K | 1.6K | 122.5K | 46.3K | 41.7K | 39.6K | |
Property Plant And Equipment Net | 31.4M | 33.7M | 36.1M | 982.0K | 60.0K | 57.0K | |
Other Current Liab | 117.9K | 860.6K | 253.5K | 707.9K | 698.0K | 732.9K | |
Net Tangible Assets | 55.8M | 52.4M | 41.4M | 40.0M | 46.0M | 39.3M | |
Common Stock | 49.2M | 49.2M | 49.7M | 49.8M | 57.2M | 41.4M | |
Property Plant Equipment | 25.8M | 31.0M | 33.7M | 36.1M | 41.5M | 27.5M | |
Other Liab | 5.0M | 3.3M | 3.2M | 6.1M | 7.0M | 4.9M | |
Net Invested Capital | 52.4M | 41.4M | 40.1M | 23.7M | 14.1M | 13.4M | |
Long Term Investments | 12.4M | 8.6M | 8.8M | 10.3M | 9.3M | 12.7M | |
Net Working Capital | 11.8M | 2.1M | 2.9M | 7.5M | 3.9M | 4.3M | |
Capital Stock | 49.2M | 49.2M | 49.7M | 49.8M | 49.9M | 53.0M |
Pair Trading with Sama Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sama Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sama Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Sama Stock
The ability to find closely correlated positions to Sama Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sama Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sama Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sama Resources to buy it.
The correlation of Sama Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sama Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sama Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sama Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sama Stock Analysis
When running Sama Resources' price analysis, check to measure Sama 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 Sama Resources is operating at the current time. Most of Sama Resources' value examination focuses on studying past and present price action to predict the probability of Sama Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sama Resources' price. Additionally, you may evaluate how the addition of Sama Resources to your portfolios can decrease your overall portfolio volatility.