PSMT Stock | | | USD 87.21 0.89 1.01% |
PriceSmart financial indicator trend analysis is much more than just breaking down PriceSmart prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PriceSmart is a good investment. Please check the relationship between PriceSmart Net Income Per Share and its Days Of Inventory On Hand accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PriceSmart. 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.
For more information on how to buy PriceSmart Stock please use our
How to Invest in PriceSmart guide.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PriceSmart Net Income Per Share account and
Days Of Inventory On Hand. At this time, the significance of the direction appears to have very strong relationship.
The correlation between PriceSmart's Net Income Per Share and Days Of Inventory On Hand is 0.86. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Days Of Inventory On Hand in the same time period over historical financial statements of PriceSmart, assuming nothing else is changed. The correlation between historical values of PriceSmart's Net Income Per Share and Days Of Inventory On Hand is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of PriceSmart are associated (or correlated) with its Days Of Inventory On Hand. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Of Inventory On Hand has no effect on the direction of Net Income Per Share i.e., PriceSmart's Net Income Per Share and Days Of Inventory On Hand go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Most indicators from PriceSmart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PriceSmart 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 PriceSmart. 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.
For more information on how to buy PriceSmart Stock please use our
How to Invest in PriceSmart guide.At this time, PriceSmart's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.18 in 2024, whereas
Discontinued Operations is likely to drop (30.2
K) in 2024.
When running PriceSmart's price analysis, check to
measure PriceSmart'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 PriceSmart is operating at the current time. Most of PriceSmart's value examination focuses on studying past and present price action to
predict the probability of PriceSmart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PriceSmart's price. Additionally, you may evaluate how the addition of PriceSmart to your portfolios can decrease your overall portfolio volatility.