RLAY Stock | | | USD 5.94 0.22 3.57% |
Relay Therapeutics financial indicator trend analysis is much more than just breaking down Relay Therapeutics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Relay Therapeutics is a good investment. Please check the relationship between Relay Therapeutics Net Income Per Share and its Price To Sales Ratio accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Relay Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
For more information on how to buy Relay Stock please use our
How to Invest in Relay Therapeutics guide.
Net Income Per Share vs Price To Sales Ratio
Net Income Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Relay Therapeutics Net Income Per Share account and
Price To Sales Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Relay Therapeutics' Net Income Per Share and Price To Sales Ratio is 0.53. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Relay Therapeutics, assuming nothing else is changed. The correlation between historical values of Relay Therapeutics' Net Income Per Share and Price To Sales 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 Net Income Per Share of Relay Therapeutics are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Net Income Per Share i.e., Relay Therapeutics' Net Income Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Income Per Share
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Relay Therapeutics stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Relay Therapeutics sales, a figure that is much harder to manipulate than other Relay Therapeutics 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.
Most indicators from Relay Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Relay Therapeutics 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 Relay Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
For more information on how to buy Relay Stock please use our
How to Invest in Relay Therapeutics guide.
Selling General Administrative is likely to drop to about 47.6
M in 2024.
Issuance Of Capital Stock is likely to drop to about 8.9
M in 2024
Relay Therapeutics fundamental ratios Correlations
Click cells to compare fundamentals
Relay Therapeutics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Relay Therapeutics fundamental ratios Accounts
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Additional Tools for Relay Stock Analysis
When running Relay Therapeutics' price analysis, check to
measure Relay Therapeutics' 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 Relay Therapeutics is operating at the current time. Most of Relay Therapeutics' value examination focuses on studying past and present price action to
predict the probability of Relay Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Relay Therapeutics' price. Additionally, you may evaluate how the addition of Relay Therapeutics to your portfolios can decrease your overall portfolio volatility.