Bassett Ptb Ratio from 2010 to 2024
| BSET Stock | USD 13.99 0.09 0.64% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 0.87617103 | Current Value 1.18 | Quarterly Volatility 0.18193789 |
Check Bassett Furniture financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bassett Furniture's main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.2 M, Interest Expense of 18.8 K or Selling General Administrative of 130.1 M, as well as many indicators such as Price To Sales Ratio of 0.65, Dividend Yield of 0.0428 or PTB Ratio of 1.18. Bassett financial statements analysis is a perfect complement when working with Bassett Furniture Valuation or Volatility modules.
Bassett | Ptb Ratio |
Latest Bassett Furniture's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of Bassett Furniture Industries over the last few years. It is 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. Bassett Furniture's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bassett Furniture's overall financial position and show how it may be relating to other accounts over time.
| Ptb Ratio | 10 Years Trend |
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Ptb Ratio |
| Timeline |
Bassett Ptb Ratio Regression Statistics
| Arithmetic Mean | 0.96 | |
| Geometric Mean | 0.94 | |
| Coefficient Of Variation | 19.00 | |
| Mean Deviation | 0.17 | |
| Median | 0.88 | |
| Standard Deviation | 0.18 | |
| Sample Variance | 0.03 | |
| Range | 0.4579 | |
| R-Value | (0.12) | |
| Mean Square Error | 0.04 | |
| R-Squared | 0.01 | |
| Significance | 0.67 | |
| Slope | (0) | |
| Total Sum of Squares | 0.46 |
Bassett Ptb Ratio History
About Bassett Furniture Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Bassett Furniture income statement, its balance sheet, and the statement of cash flows. Bassett Furniture investors use historical funamental indicators, such as Bassett Furniture's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Bassett Furniture investors may use each financial statement separately, they are all related. The changes in Bassett Furniture's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bassett Furniture'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 Bassett Furniture Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bassett Furniture. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 0.88 | 1.18 |
Pair Trading with Bassett Furniture
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 Bassett Furniture 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 Bassett Furniture will appreciate offsetting losses from the drop in the long position's value.Moving together with Bassett Stock
Moving against Bassett Stock
| 0.41 | FLXS | Flexsteel Industries Fiscal Year End 19th of August 2024 | PairCorr |
| 0.41 | TH | Target Hospitality Corp Buyout Trend | PairCorr |
The ability to find closely correlated positions to Bassett Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bassett Furniture 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 Bassett Furniture - 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 Bassett Furniture Industries to buy it.
The correlation of Bassett Furniture 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 Bassett Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bassett Furniture 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 Bassett Furniture 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.Additional Tools for Bassett Stock Analysis
When running Bassett Furniture's price analysis, check to measure Bassett Furniture'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 Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.