Liberty Price Book Value Ratio from 2010 to 2024
| LBRT Stock | USD 20.27 0.13 0.65% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 1.69287214 | Current Value 3.36 | Quarterly Volatility 3.27487696 |
Check Liberty Oilfield financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Liberty Oilfield's main balance sheet or income statement drivers, such as Interest Income of 1.2 M, Depreciation And Amortization of 442.6 M or Interest Expense of 16.9 M, as well as many indicators such as Price To Sales Ratio of 1.28, Dividend Yield of 0.0085 or PTB Ratio of 3.36. Liberty financial statements analysis is a perfect complement when working with Liberty Oilfield Valuation or Volatility modules.
Liberty | Price Book Value Ratio |
Latest Liberty Oilfield's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Liberty Oilfield Services over the last few years. It is Liberty Oilfield's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Liberty Oilfield's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
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Price Book Value Ratio |
| Timeline |
Liberty Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 4.92 | |
| Geometric Mean | 3.73 | |
| Coefficient Of Variation | 66.60 | |
| Mean Deviation | 2.96 | |
| Median | 3.52 | |
| Standard Deviation | 3.27 | |
| Sample Variance | 10.72 | |
| Range | 7.8338 | |
| R-Value | (0.87) | |
| Mean Square Error | 2.71 | |
| R-Squared | 0.77 | |
| Significance | 0.00002 | |
| Slope | (0.64) | |
| Total Sum of Squares | 150.15 |
Liberty Price Book Value Ratio History
About Liberty Oilfield Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Liberty Oilfield income statement, its balance sheet, and the statement of cash flows. Liberty Oilfield investors use historical funamental indicators, such as Liberty Oilfield's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Liberty Oilfield investors may use each financial statement separately, they are all related. The changes in Liberty Oilfield's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Liberty Oilfield'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 Liberty Oilfield Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Liberty Oilfield. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 1.69 | 3.36 |
Pair Trading with Liberty Oilfield
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 Liberty Oilfield 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 Liberty Oilfield will appreciate offsetting losses from the drop in the long position's value.Moving together with Liberty Stock
Moving against Liberty Stock
| 0.49 | DRQ | Dril Quip | PairCorr |
| 0.45 | SLB | Schlumberger NV Financial Report 19th of July 2024 | PairCorr |
| 0.42 | NOA | North American Const | PairCorr |
| 0.38 | OIS | Oil States International | PairCorr |
| 0.37 | EFXT | Enerflex | PairCorr |
The ability to find closely correlated positions to Liberty Oilfield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Liberty Oilfield 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 Liberty Oilfield - 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 Liberty Oilfield Services to buy it.
The correlation of Liberty Oilfield 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 Liberty Oilfield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty Oilfield Services 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 Liberty Oilfield 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 Liberty Stock Analysis
When running Liberty Oilfield's price analysis, check to measure Liberty Oilfield'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 Liberty Oilfield is operating at the current time. Most of Liberty Oilfield's value examination focuses on studying past and present price action to predict the probability of Liberty Oilfield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Liberty Oilfield's price. Additionally, you may evaluate how the addition of Liberty Oilfield to your portfolios can decrease your overall portfolio volatility.