Culp Inventories from 2010 to 2024
| CULP Stock | USD 4.57 0.06 1.33% |
Check Culp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Culp main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.7 M, Interest Expense of 4.4 M or Selling General Administrative of 8.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.38, Dividend Yield of 0.0772 or PTB Ratio of 1.13. Culp financial statements analysis is a perfect complement when working with Culp Valuation or Volatility modules.
Culp | Inventories |
About Culp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Culp income statement, its balance sheet, and the statement of cash flows. Culp investors use historical funamental indicators, such as Culp's Inventories, to determine how well the company is positioned to perform in the future. Although Culp investors may use each financial statement separately, they are all related. The changes in Culp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Culp'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 Culp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Culp. Please read more on our technical analysis and fundamental analysis pages.
Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. Culp, Inc. was founded in 1972 and is headquartered in High Point, North Carolina. Culp operates under Textile Manufacturing classification in the United States and is traded on New York Stock Exchange. It employs 1582 people.
Pair Trading with Culp
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 Culp 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 Culp will appreciate offsetting losses from the drop in the long position's value.Moving together with Culp Stock
| 0.64 | VOXX | VOXX International Report 20th of May 2024 | PairCorr |
| 0.79 | VUZI | Vuzix Corp Cmn Tech Boost | PairCorr |
Moving against Culp Stock
| 0.78 | HEAR | Turtle Beach Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.72 | WLDS | Wearable Devices | PairCorr |
| 0.66 | DOGZ | Dogness International | PairCorr |
| 0.61 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.59 | BLD | Topbuild Corp Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Culp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Culp 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 Culp - 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 Culp Inc to buy it.
The correlation of Culp 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 Culp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Culp Inc 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 Culp 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 Culp Correlation against competitors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Culp Stock analysis
When running Culp's price analysis, check to measure Culp'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 Culp is operating at the current time. Most of Culp's value examination focuses on studying past and present price action to predict the probability of Culp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Culp's price. Additionally, you may evaluate how the addition of Culp to your portfolios can decrease your overall portfolio volatility.
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Is Culp'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 Culp. If investors know Culp 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 Culp 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 (0.63) | Earnings Share (1.10) | Revenue Per Share 19.142 | Quarterly Revenue Growth 0.15 | Return On Assets (0.05) |
The market value of Culp Inc is measured differently than its book value, which is the value of Culp that is recorded on the company's balance sheet. Investors also form their own opinion of Culp's value that differs from its market value or its book value, called intrinsic value, which is Culp'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 Culp's market value can be influenced by many factors that don't directly affect Culp'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 Culp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Culp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Culp'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.