PRT Stock | | | USD 3.57 0.12 3.48% |
PermRock Royalty financial indicator trend analysis is much more than just breaking down PermRock Royalty Trust prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PermRock Royalty Trust is a good investment. Please check the relationship between PermRock Royalty Revenue Per Share and its Ebit Per Revenue accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PermRock Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Revenue Per Share vs Ebit Per Revenue
Revenue Per Share vs Ebit Per Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PermRock Royalty Trust Revenue Per Share account and
Ebit Per Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between PermRock Royalty's Revenue Per Share and Ebit Per Revenue is -0.06. Overlapping area represents the amount of variation of Revenue Per Share that can explain the historical movement of Ebit Per Revenue in the same time period over historical financial statements of PermRock Royalty Trust, assuming nothing else is changed. The correlation between historical values of PermRock Royalty's Revenue Per Share and Ebit Per Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Revenue Per Share of PermRock Royalty Trust are associated (or correlated) with its Ebit Per Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit Per Revenue has no effect on the direction of Revenue Per Share i.e., PermRock Royalty's Revenue Per Share and Ebit Per Revenue go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.
Ebit Per Revenue
Most indicators from PermRock Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PermRock Royalty Trust 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 Equity Center to better understand how to build diversified portfolios, which includes a position in PermRock Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Selling General Administrative is likely to gain to about 1.1
M in 2024.
Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024
PermRock Royalty fundamental ratios Correlations
Click cells to compare fundamentals
PermRock Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PermRock Royalty fundamental ratios Accounts
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Additional Tools for PermRock Stock Analysis
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measure PermRock Royalty'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 PermRock Royalty is operating at the current time. Most of PermRock Royalty's value examination focuses on studying past and present price action to
predict the probability of PermRock Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PermRock Royalty's price. Additionally, you may evaluate how the addition of PermRock Royalty to your portfolios can decrease your overall portfolio volatility.