Bassett Retained Earnings vs Common Stock Analysis

BSET Stock

USD 14.90 0.29 1.98%

Bassett Furniture financial indicator trend analysis is way more than just evaluating Bassett Furniture prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bassett Furniture is a good investment. Please check the relationship between Bassett Furniture Retained Earnings and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bassett Furniture Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Bassett Furniture's Retained Earnings and Common Stock is 0.36. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of Bassett Furniture Industries, assuming nothing else is changed. The correlation between historical values of Bassett Furniture's Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Bassett Furniture Industries are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Bassett Furniture's Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock

Most indicators from Bassett Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bassett Furniture 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Bassett Furniture's Discontinued Operations is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 380.1 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.56 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	38K	22K	19.8K	18.8K
Depreciation And Amortization	11.3M	10.1M	11.7M	10.2M

Interest Expense Depreciation And Amortization

Bassett Furniture fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.8	0.28	0.77	-0.07	0.92	0.87	0.03	0.38	0.97	-0.49	0.57	0.05	-0.59	0.9	0.45	0.33	-0.41	0.92	0.72	0.5	0.77	-0.11	-0.77	0.0	-0.72
Short Long Term Debt Total	0.8		-0.05	0.55	-0.22	0.87	0.87	-0.1	0.02	0.81	-0.41	0.1	-0.07	-0.6	0.87	0.31	0.47	-0.37	0.85	0.76	0.16	0.95	-0.16	-0.79	-0.01	-0.76
Other Current Liab	0.28	-0.05		0.43	0.44	0.11	-0.09	0.36	0.42	0.2	-0.51	0.49	0.38	0.18	-0.03	0.19	-0.11	-0.4	0.1	-0.15	0.53	0.1	0.35	0.17	0.12	0.22
Total Current Liabilities	0.77	0.55	0.43		-0.36	0.66	0.67	-0.37	0.07	0.84	-0.68	0.31	-0.12	-0.62	0.62	0.54	0.63	-0.53	0.77	0.3	0.36	0.67	0.42	-0.62	0.16	-0.51
Total Stockholder Equity	-0.07	-0.22	0.44	-0.36		-0.23	-0.39	0.98	0.61	-0.27	0.2	0.4	0.65	0.64	-0.28	0.13	-0.52	0.19	-0.34	-0.18	0.6	-0.22	-0.12	0.47	-0.17	0.44
Property Plant And Equipment Net	0.92	0.87	0.11	0.66	-0.23		0.95	-0.11	0.14	0.92	-0.53	0.33	-0.13	-0.67	0.98	0.2	0.41	-0.44	0.97	0.88	0.2	0.78	-0.2	-0.85	0.16	-0.82
Net Debt	0.87	0.87	-0.09	0.67	-0.39	0.95		-0.27	0.03	0.9	-0.36	0.19	-0.13	-0.67	0.98	0.26	0.5	-0.29	0.97	0.8	0.17	0.8	-0.15	-0.84	0.13	-0.79
Retained Earnings	0.03	-0.1	0.36	-0.37	0.98	-0.11	-0.27		0.63	-0.19	0.27	0.41	0.7	0.61	-0.16	0.1	-0.55	0.21	-0.24	-0.05	0.61	-0.13	-0.21	0.39	-0.23	0.36
Cash	0.38	0.02	0.42	0.07	0.61	0.14	0.03	0.63		0.21	0.06	0.82	0.45	0.2	0.17	0.26	-0.53	-0.18	0.11	0.1	0.74	0.02	-0.26	0.07	-0.54	0.04
Non Current Assets Total	0.97	0.81	0.2	0.84	-0.27	0.92	0.9	-0.19	0.21		-0.59	0.46	-0.12	-0.73	0.9	0.4	0.47	-0.46	0.94	0.72	0.33	0.81	-0.05	-0.83	0.07	-0.79
Non Currrent Assets Other	-0.49	-0.41	-0.51	-0.68	0.2	-0.53	-0.36	0.27	0.06	-0.59		-0.27	0.47	0.66	-0.39	-0.21	-0.5	0.73	-0.53	-0.37	0.02	-0.46	-0.17	0.56	-0.41	0.55
Cash And Short Term Investments	0.57	0.1	0.49	0.31	0.4	0.33	0.19	0.41	0.82	0.46	-0.27		0.13	-0.18	0.3	0.24	-0.28	-0.23	0.29	0.28	0.61	0.07	-0.36	-0.23	-0.1	-0.26
Net Receivables	0.05	-0.07	0.38	-0.12	0.65	-0.13	-0.13	0.7	0.45	-0.12	0.47	0.13		0.75	-0.12	0.11	-0.42	0.34	-0.15	-0.25	0.66	0.03	0.18	0.53	-0.38	0.59
Common Stock Shares Outstanding	-0.59	-0.6	0.18	-0.62	0.64	-0.67	-0.67	0.61	0.2	-0.73	0.66	-0.18	0.75		-0.66	-0.22	-0.6	0.51	-0.7	-0.63	0.24	-0.54	0.16	0.92	-0.27	0.92
Non Current Liabilities Total	0.9	0.87	-0.03	0.62	-0.28	0.98	0.98	-0.16	0.17	0.9	-0.39	0.3	-0.12	-0.66		0.24	0.39	-0.36	0.97	0.87	0.22	0.78	-0.24	-0.85	0.06	-0.82
Inventory	0.45	0.31	0.19	0.54	0.13	0.2	0.26	0.1	0.26	0.4	-0.21	0.24	0.11	-0.22	0.24		0.39	-0.24	0.31	-0.08	0.67	0.42	0.4	-0.31	-0.19	-0.22
Other Current Assets	0.33	0.47	-0.11	0.63	-0.52	0.41	0.5	-0.55	-0.53	0.47	-0.5	-0.28	-0.42	-0.6	0.39	0.39		-0.13	0.5	0.16	-0.1	0.55	0.38	-0.55	0.46	-0.47
Other Stockholder Equity	-0.41	-0.37	-0.4	-0.53	0.19	-0.44	-0.29	0.21	-0.18	-0.46	0.73	-0.23	0.34	0.51	-0.36	-0.24	-0.13		-0.46	-0.34	-0.03	-0.38	-0.18	0.49	0.11	0.48
Total Liab	0.92	0.85	0.1	0.77	-0.34	0.97	0.97	-0.24	0.11	0.94	-0.53	0.29	-0.15	-0.7	0.97	0.31	0.5	-0.46		0.79	0.24	0.81	-0.06	-0.85	0.13	-0.8
Property Plant And Equipment Gross	0.72	0.76	-0.15	0.3	-0.18	0.88	0.8	-0.05	0.1	0.72	-0.37	0.28	-0.25	-0.63	0.87	-0.08	0.16	-0.34	0.79		-0.06	0.57	-0.53	-0.81	0.14	-0.84
Total Current Assets	0.5	0.16	0.53	0.36	0.6	0.2	0.17	0.61	0.74	0.33	0.02	0.61	0.66	0.24	0.22	0.67	-0.1	-0.03	0.24	-0.06		0.26	0.17	0.05	-0.28	0.12
Short Term Debt	0.77	0.95	0.1	0.67	-0.22	0.78	0.8	-0.13	0.02	0.81	-0.46	0.07	0.03	-0.54	0.78	0.42	0.55	-0.38	0.81	0.57	0.26		0.06	-0.68	-0.02	-0.62
Accounts Payable	-0.11	-0.16	0.35	0.42	-0.12	-0.2	-0.15	-0.21	-0.26	-0.05	-0.17	-0.36	0.18	0.16	-0.24	0.4	0.38	-0.18	-0.06	-0.53	0.17	0.06		0.22	-0.01	0.35
Common Stock Total Equity	-0.77	-0.79	0.17	-0.62	0.47	-0.85	-0.84	0.39	0.07	-0.83	0.56	-0.23	0.53	0.92	-0.85	-0.31	-0.55	0.49	-0.85	-0.81	0.05	-0.68	0.22		-0.18	0.98
Short Term Investments	0.0	-0.01	0.12	0.16	-0.17	0.16	0.13	-0.23	-0.54	0.07	-0.41	-0.1	-0.38	-0.27	0.06	-0.19	0.46	0.11	0.13	0.14	-0.28	-0.02	-0.01	-0.18		-0.19
Common Stock	-0.72	-0.76	0.22	-0.51	0.44	-0.82	-0.79	0.36	0.04	-0.79	0.55	-0.26	0.59	0.92	-0.82	-0.22	-0.47	0.48	-0.8	-0.84	0.12	-0.62	0.35	0.98	-0.19

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Bassett Furniture Account Relationship Matchups

Bassett Furniture fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	402.5M	421.7M	406.3M	370.4M	426.0M	329.9M
Other Current Liab	28.1M	26.7M	25.7M	19.9M	22.9M	20.8M
Total Current Liabilities	118.4M	134.2M	100.8M	77.9M	89.6M	57.9M
Total Stockholder Equity	158.0M	162.7M	195.6M	183.4M	165.1M	171.9M
Property Plant And Equipment Net	207.8M	208.2M	176.5M	184.9M	212.6M	223.2M
Net Debt	93.3M	99.2M	54.7M	63.8M	73.3M	77.0M
Retained Earnings	109.7M	115.6M	150.8M	139.4M	125.4M	130.3M
Cash	45.8M	34.4M	61.6M	52.4M	47.2M	26.2M
Non Current Assets Total	241.9M	241.4M	209.8M	212.5M	244.3M	161.3M
Non Currrent Assets Other	5.6M	6.5M	6.1M	6.9M	6.2M	6.5M
Cash And Short Term Investments	63.5M	52.1M	79.3M	70.2M	80.7M	42.7M
Net Receivables	32.0M	36.5M	20.2M	16.3M	14.7M	13.9M
Common Stock Shares Outstanding	10.0M	9.8M	9.4M	8.8M	7.9M	9.9M
Liabilities And Stockholders Equity	402.5M	421.7M	406.3M	370.4M	426.0M	329.9M
Non Current Liabilities Total	126.1M	124.7M	109.8M	109.1M	125.5M	131.7M
Inventory	54.9M	78.0M	85.5M	63.0M	56.7M	45.0M
Other Current Assets	10.3M	13.6M	11.5M	8.5M	7.6M	9.6M
Other Stockholder Equity	(1.4M)	113K	50K	93K	83.7K	79.5K
Total Liab	244.5M	258.9M	210.7M	187.0M	215.0M	225.8M
Property Plant And Equipment Gross	207.8M	208.2M	176.5M	343.7M	395.2M	415.0M
Total Current Assets	160.7M	180.3M	196.5M	158.0M	142.2M	122.7M
Accumulated Other Comprehensive Income	(1.4M)	(1.8M)	50K	152K	174.8K	183.5K
Accounts Payable	23.4M	28.3M	20.4M	16.3M	14.7M	17.3M
Common Stock Total Equity	52.6M	50.6M	49.7M	44.8M	40.3M	44.8M
Short Term Investments	22.6M	17.4M	17.7M	17.8M	16.0M	26.3M
Common Stock	49.7M	48.8M	44.8M	43.8M	39.5M	44.2M
Other Liab	24.8M	14.2M	13.0M	12M	10.8M	16.2M
Other Assets	10.2M	9.7M	11.6M	(37.9M)	(34.1M)	(32.4M)
Property Plant Equipment	101.7M	90.9M	208.2M	77.0M	88.6M	102.5M
Current Deferred Revenue	39.8M	51.5M	36.0M	22.8M	26.2M	27.5M
Intangible Assets	11.7M	11.3M	9.0M	8.9M	10.2M	6.5M
Net Tangible Assets	178.7M	158.0M	139.3M	195.6M	225.0M	179.2M
Retained Earnings Total Equity	140.0M	129.1M	109.7M	150.8M	173.4M	133.1M
Non Current Liabilities Other	126.1M	5.9M	109.8M	1.5M	1.8M	1.7M

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 against Bassett Stock

0.67	DOOO	BRP Inc Financial Report 6th of June 2024	Pair Corr
0.48	BH	Biglari Holdings	Pair Corr
0.46	GM	General Motors Aggressive Push	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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