Watts Ptb Ratio from 2010 to 2024
| WTS Stock | USD 215.00 0.12 0.06% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 4.59826604 | Current Value 4.83 | Quarterly Volatility 1.23392372 |
Check Watts Water financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Watts main balance sheet or income statement drivers, such as Depreciation And Amortization of 35.6 M, Interest Expense of 7.8 M or Total Revenue of 1.1 B, as well as many exotic indicators such as Price To Sales Ratio of 3.55, Dividend Yield of 0.0131 or PTB Ratio of 4.83. Watts financial statements analysis is a perfect complement when working with Watts Water Valuation or Volatility modules.
Watts | Ptb Ratio |
Latest Watts Water's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of Watts Water Technologies 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. Watts Water's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Watts Water's overall financial position and show how it may be relating to other accounts over time.
| Ptb Ratio | 10 Years Trend |
|
Ptb Ratio |
| Timeline |
Watts Ptb Ratio Regression Statistics
| Arithmetic Mean | 3.12 | |
| Geometric Mean | 2.89 | |
| Coefficient Of Variation | 39.56 | |
| Mean Deviation | 0.99 | |
| Median | 3.06 | |
| Standard Deviation | 1.23 | |
| Sample Variance | 1.52 | |
| Range | 4.2068 | |
| R-Value | 0.91 | |
| Mean Square Error | 0.29 | |
| R-Squared | 0.83 | |
| Slope | 0.25 | |
| Total Sum of Squares | 21.32 |
Watts Ptb Ratio History
About Watts Water Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Watts Water income statement, its balance sheet, and the statement of cash flows. Watts Water investors use historical funamental indicators, such as Watts Water's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Watts Water investors may use each financial statement separately, they are all related. The changes in Watts Water's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Watts Water'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 Watts Water Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Watts Water. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 4.60 | 4.83 |
Pair Trading with Watts Water
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 Watts Water 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 Watts Water will appreciate offsetting losses from the drop in the long position's value.Moving together with Watts Stock
| 0.71 | B | Barnes Group | PairCorr |
| 0.65 | CR | Crane Company | PairCorr |
The ability to find closely correlated positions to Watts Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Watts Water 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 Watts Water - 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 Watts Water Technologies to buy it.
The correlation of Watts Water 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 Watts Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Watts Water Technologies 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 Watts Water 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 Watts Water Correlation against competitors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Watts Stock analysis
When running Watts Water's price analysis, check to measure Watts Water'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 Watts Water is operating at the current time. Most of Watts Water's value examination focuses on studying past and present price action to predict the probability of Watts Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Watts Water's price. Additionally, you may evaluate how the addition of Watts Water to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Is Watts Water'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 Watts Water. If investors know Watts 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 Watts Water 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 0.124 | Dividend Share 1.44 | Earnings Share 8.06 | Revenue Per Share 64.536 | Quarterly Revenue Growth 0.21 |
The market value of Watts Water Technologies is measured differently than its book value, which is the value of Watts that is recorded on the company's balance sheet. Investors also form their own opinion of Watts Water's value that differs from its market value or its book value, called intrinsic value, which is Watts Water'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 Watts Water's market value can be influenced by many factors that don't directly affect Watts Water'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 Watts Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watts Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watts Water'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.