Broadway Return on Invested Capital from 2010 to 2024
| BYFC Stock | USD 5.00 0.18 3.73% |
Check Broadway Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Broadway main balance sheet or income statement drivers, such as Depreciation And Amortization of 979.3 K, Interest Expense of 4.6 M or Selling General Administrative of 17.5 M, as well as many exotic indicators such as Price To Sales Ratio of 1.84, Dividend Yield of 2.0E-4 or PTB Ratio of 0.29. Broadway financial statements analysis is a perfect complement when working with Broadway Financial Valuation or Volatility modules.
Broadway | Return on Invested Capital |
About Broadway Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Broadway Financial income statement, its balance sheet, and the statement of cash flows. Broadway Financial investors use historical funamental indicators, such as Broadway Financial's Return on Invested Capital, to determine how well the company is positioned to perform in the future. Although Broadway Financial investors may use each financial statement separately, they are all related. The changes in Broadway Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Broadway Financial'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 Broadway Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Broadway Financial. Please read more on our technical analysis and fundamental analysis pages.
Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides various banking products and services in the United States. Broadway Financial Corporation was founded in 1946 and is headquartered in Los Angeles, California. Broadway Fin operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 78 people.
Pair Trading with Broadway Financial
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 Broadway Financial 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 Broadway Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Broadway Stock
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The ability to find closely correlated positions to Broadway Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadway Financial 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 Broadway Financial - 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 Broadway Financial to buy it.
The correlation of Broadway Financial 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 Broadway Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadway Financial 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 Broadway Financial 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 Broadway Financial Correlation against competitors. For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.Note that the Broadway Financial information on this page should be used as a complementary analysis to other Broadway Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Broadway Stock analysis
When running Broadway Financial's price analysis, check to measure Broadway Financial'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 Broadway Financial is operating at the current time. Most of Broadway Financial's value examination focuses on studying past and present price action to predict the probability of Broadway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadway Financial's price. Additionally, you may evaluate how the addition of Broadway Financial to your portfolios can decrease your overall portfolio volatility.
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Is Broadway Financial's 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 Broadway Financial. If investors know Broadway 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 Broadway Financial 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 (0.87) | Earnings Share 0.56 | Revenue Per Share 3.606 | Quarterly Revenue Growth (0.24) | Return On Assets 0.0038 |
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial's 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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial's 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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial's 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.