Hooker Ptb Ratio from 2010 to 2024
| HOFT Stock | USD 15.28 2.20 12.59% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 1.19570023 | Current Value 1.42000078 | Quarterly Volatility 0.19712955 |
Check Hooker Furniture financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hooker Furniture's main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.2 M, Interest Expense of 1.3 M or Total Revenue of 393.5 M, as well as many indicators such as Price To Sales Ratio of 0.68, Dividend Yield of 0.0214 or PTB Ratio of 1.42. Hooker financial statements analysis is a perfect complement when working with Hooker Furniture Valuation or Volatility modules.
Hooker | Ptb Ratio |
Latest Hooker Furniture's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of Hooker Furniture 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. Hooker Furniture's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hooker 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 |
Hooker Ptb Ratio Regression Statistics
| Arithmetic Mean | 1.17 | |
| Geometric Mean | 1.15 | |
| Coefficient Of Variation | 16.86 | |
| Mean Deviation | 0.15 | |
| Median | 1.20 | |
| Standard Deviation | 0.20 | |
| Sample Variance | 0.04 | |
| Range | 0.7302 | |
| R-Value | 0.16 | |
| Mean Square Error | 0.04 | |
| R-Squared | 0.03 | |
| Significance | 0.56 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.54 |
Hooker Ptb Ratio History
About Hooker Furniture Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Hooker Furniture income statement, its balance sheet, and the statement of cash flows. Hooker Furniture investors use historical funamental indicators, such as Hooker Furniture's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Hooker Furniture investors may use each financial statement separately, they are all related. The changes in Hooker Furniture's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hooker 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 Hooker Furniture Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Hooker Furniture. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 1.20 | 1.42 |
Pair Trading with Hooker 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 Hooker 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 Hooker Furniture will appreciate offsetting losses from the drop in the long position's value.Moving against Hooker Stock
| 0.89 | LE | Lands End | PairCorr |
| 0.73 | SN | SharkNinja | PairCorr |
| 0.69 | BQ | Boqii Holding Limited | PairCorr |
| 0.64 | JD | JD Inc Adr | PairCorr |
| 0.62 | EM | Smart Share Global | PairCorr |
The ability to find closely correlated positions to Hooker 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 Hooker 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 Hooker 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 Hooker Furniture to buy it.
The correlation of Hooker 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 Hooker Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hooker 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 Hooker 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 Hooker Stock Analysis
When running Hooker Furniture's price analysis, check to measure Hooker 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 Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to predict the probability of Hooker 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 Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.