Bridgford Return On Equity from 2010 to 2024
| BRID Stock | USD 10.42 0.08 0.76% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.17) | Current Value (0.16) | Quarterly Volatility 0.09252942 |
Check Bridgford Foods financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bridgford main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.9 M, Interest Expense of 676.7 K or Selling General Administrative of 38.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.81, Dividend Yield of 0.0119 or PTB Ratio of 2.86. Bridgford financial statements analysis is a perfect complement when working with Bridgford Foods Valuation or Volatility modules.
Bridgford | Return On Equity |
Latest Bridgford Foods' Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Bridgford Foods over the last few years. Return on Equity is the amount of Bridgford Foods net income returned as a percentage of Bridgford Foods equity. Return on equity measures Bridgford Foods profitability by revealing how much profit Bridgford Foods generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Bridgford Foods' Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bridgford Foods' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0293 | 10 Years Trend |
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Return On Equity |
| Timeline |
Bridgford Return On Equity Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 205.27 | |
| Mean Deviation | 0.07 | |
| Median | 0.09 | |
| Standard Deviation | 0.09 | |
| Sample Variance | 0.01 | |
| Range | 0.3135 | |
| R-Value | (0.79) | |
| Mean Square Error | 0 | |
| R-Squared | 0.63 | |
| Significance | 0.0004 | |
| Slope | (0.02) | |
| Total Sum of Squares | 0.12 |
Bridgford Return On Equity History
About Bridgford Foods Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Bridgford Foods income statement, its balance sheet, and the statement of cash flows. Bridgford Foods investors use historical funamental indicators, such as Bridgford Foods's Return On Equity, to determine how well the company is positioned to perform in the future. Although Bridgford Foods investors may use each financial statement separately, they are all related. The changes in Bridgford Foods's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bridgford Foods's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Bridgford Foods Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bridgford Foods. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.17) | (0.16) |
Pair Trading with Bridgford Foods
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 Bridgford Foods 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 Bridgford Foods will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bridgford Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridgford Foods 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 Bridgford Foods - 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 Bridgford Foods to buy it.
The correlation of Bridgford Foods 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 Bridgford Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridgford Foods 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 Bridgford Foods 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.Check out the analysis of Bridgford Foods Correlation against competitors. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Bridgford Stock analysis
When running Bridgford Foods' price analysis, check to measure Bridgford Foods' 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 Bridgford Foods is operating at the current time. Most of Bridgford Foods' value examination focuses on studying past and present price action to predict the probability of Bridgford Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgford Foods' price. Additionally, you may evaluate how the addition of Bridgford Foods to your portfolios can decrease your overall portfolio volatility.
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Is Bridgford Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bridgford Foods. If investors know Bridgford will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bridgford Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.325 | Earnings Share 0.42 | Revenue Per Share 26.976 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0168 |
The market value of Bridgford Foods is measured differently than its book value, which is the value of Bridgford that is recorded on the company's balance sheet. Investors also form their own opinion of Bridgford Foods' value that differs from its market value or its book value, called intrinsic value, which is Bridgford Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bridgford Foods' market value can be influenced by many factors that don't directly affect Bridgford Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bridgford Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridgford Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridgford Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.