Ingevity Ptb Ratio from 2010 to 2024
| NGVT Stock | USD 48.63 0.22 0.45% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 2.72939677 | Current Value 2.59 | Quarterly Volatility 4.27312273 |
Check Ingevity Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ingevity Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 74.7 M, Interest Expense of 98 M or Total Revenue of 1.3 B, as well as many indicators such as Price To Sales Ratio of 1.52, Dividend Yield of 0.0 or PTB Ratio of 2.59. Ingevity financial statements analysis is a perfect complement when working with Ingevity Corp Valuation or Volatility modules.
Ingevity | Ptb Ratio |
Latest Ingevity Corp's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of Ingevity Corp 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. Ingevity Corp's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ingevity Corp'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 |
Ingevity Ptb Ratio Regression Statistics
| Arithmetic Mean | 5.32 | |
| Geometric Mean | 4.26 | |
| Coefficient Of Variation | 80.39 | |
| Mean Deviation | 3.17 | |
| Median | 3.03 | |
| Standard Deviation | 4.27 | |
| Sample Variance | 18.26 | |
| Range | 15.2467 | |
| R-Value | 0.05 | |
| Mean Square Error | 19.61 | |
| R-Squared | 0 | |
| Significance | 0.85 | |
| Slope | 0.05 | |
| Total Sum of Squares | 255.63 |
Ingevity Ptb Ratio History
About Ingevity Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Ingevity Corp income statement, its balance sheet, and the statement of cash flows. Ingevity Corp investors use historical funamental indicators, such as Ingevity Corp's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Ingevity Corp investors may use each financial statement separately, they are all related. The changes in Ingevity Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ingevity Corp'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 Ingevity Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ingevity Corp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 2.73 | 2.59 |
Pair Trading with Ingevity Corp
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 Ingevity Corp 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 Ingevity Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Ingevity Stock
The ability to find closely correlated positions to Ingevity Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ingevity Corp 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 Ingevity Corp - 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 Ingevity Corp to buy it.
The correlation of Ingevity Corp 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 Ingevity Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ingevity Corp 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 Ingevity Corp 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 Ingevity Stock Analysis
When running Ingevity Corp's price analysis, check to measure Ingevity Corp'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 Ingevity Corp is operating at the current time. Most of Ingevity Corp's value examination focuses on studying past and present price action to predict the probability of Ingevity Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingevity Corp's price. Additionally, you may evaluate how the addition of Ingevity Corp to your portfolios can decrease your overall portfolio volatility.