Belo Price To Sales Ratio vs Ptb Ratio Analysis
| BSX Stock | | | CAD 0.34 0.01 2.86% |
Belo Sun financial indicator trend analysis is way more than just evaluating Belo Sun Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Belo Sun Mining is a good investment. Please check the relationship between Belo Sun Price To Sales Ratio and its Ptb Ratio accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Belo Sun Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Price To Sales Ratio vs Ptb Ratio
Price To Sales Ratio vs Ptb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Belo Sun Mining Price To Sales Ratio account and
Ptb Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Belo Sun's Price To Sales Ratio and Ptb Ratio is 0.39. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Belo Sun Mining, assuming nothing else is changed. The correlation between historical values of Belo Sun's Price To Sales Ratio 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 Price To Sales Ratio of Belo Sun Mining 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 Price To Sales Ratio i.e., Belo Sun's Price To Sales Ratio and Ptb Ratio go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Belo Sun Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Belo Sun sales, a figure that is much harder to manipulate than other Belo Sun Mining 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.
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 Belo Sun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Belo Sun Mining 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Belo Sun Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
As of the 20th of November 2025,
Selling General Administrative is likely to drop to about 1.4
M. In addition to that,
Issuance Of Capital Stock is likely to drop to about 641.3
KBelo Sun fundamental ratios Correlations
Click cells to compare fundamentals
Belo Sun Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Belo Sun fundamental ratios Accounts
Pair Trading with Belo Sun
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 Belo Sun 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 Belo Sun will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Belo Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belo Sun 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 Belo Sun - 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 Belo Sun Mining to buy it.
The correlation of Belo Sun 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 Belo Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belo Sun Mining 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 Belo Sun 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.
Other Information on Investing in Belo Stock
Balance Sheet is a snapshot of the
financial position of Belo Sun Mining at a specified time, usually calculated after every quarter, six months, or one year. Belo Sun Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Belo Sun and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Belo currently owns. An asset can also be divided into two categories, current and non-current.