Big 5 Sporting Stock Beta
BGFV Stock | USD 3.96 0.25 6.74% |
Big 5 Sporting fundamentals help investors to digest information that contributes to Big 5's financial success or failures. It also enables traders to predict the movement of Big Stock. The fundamental analysis module provides a way to measure Big 5's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Big 5 stock.
Big | Beta |
Big Beta Analysis
Big 5's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
More About Beta | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 76.7M | 60.3M | 52.1M | 64.8M | Total Assets | 754.0M | 708.8M | 644.7M | 482.1M |
Beta | = | CovarianceVariance |
Current Big 5 Beta | 2.4 |
Most of Big 5's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Big 5 Sporting is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Big Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Big 5 is extremely important. It helps to project a fair market value of Big Stock properly, considering its historical fundamentals such as Beta. Since Big 5's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Big 5's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Big 5's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, Big 5 Sporting has a Beta of 2.403. This is 186.07% higher than that of the Specialty Retail sector and 78.0% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Big Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Big 5's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Big 5 could also be used in its relative valuation, which is a method of valuing Big 5 by comparing valuation metrics of similar companies.Big 5 is currently under evaluation in beta category among related companies.
Big 5 Institutional Holders
Institutional Holdings refers to the ownership stake in Big 5 that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Big 5's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Big 5's value.Shares | American Century Companies Inc | 2023-12-31 | 187.4 K | Aqr Capital Management Llc | 2023-12-31 | 185.7 K | Gsa Capital Partners Llp | 2023-12-31 | 149.8 K | Bank Of America Corp | 2023-12-31 | 140.4 K | Amvescap Plc. | 2023-12-31 | 138.1 K | Gabelli Funds Llc | 2023-12-31 | 100 K | Susquehanna International Group, Llp | 2023-12-31 | 95.3 K | Bank Of New York Mellon Corp | 2023-12-31 | 94.2 K | Empowered Funds, Llc | 2023-12-31 | 93.9 K | Blackrock Inc | 2023-12-31 | 1.7 M | Vanguard Group Inc | 2023-12-31 | 1.1 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Big 5 will likely underperform.
Big Fundamentals
Return On Equity | -0.0276 | ||||
Return On Asset | -0.0096 | ||||
Profit Margin | (0.01) % | ||||
Operating Margin | (0.06) % | ||||
Current Valuation | 351.3 M | ||||
Shares Outstanding | 22.44 M | ||||
Shares Owned By Insiders | 5.48 % | ||||
Shares Owned By Institutions | 43.99 % | ||||
Number Of Shares Shorted | 3.57 M | ||||
Price To Earning | 6.27 X | ||||
Price To Book | 0.34 X | ||||
Price To Sales | 0.10 X | ||||
Revenue | 884.75 M | ||||
Gross Profit | 341.21 M | ||||
EBITDA | 8.18 M | ||||
Net Income | (7.08 M) | ||||
Cash And Equivalents | 34.44 M | ||||
Cash Per Share | 1.58 X | ||||
Total Debt | 277.25 M | ||||
Debt To Equity | 1.12 % | ||||
Current Ratio | 1.61 X | ||||
Book Value Per Share | 11.21 X | ||||
Cash Flow From Operations | 18.54 M | ||||
Short Ratio | 14.15 X | ||||
Earnings Per Share | (0.33) X | ||||
Price To Earnings To Growth | 4.45 X | ||||
Target Price | 4.5 | ||||
Number Of Employees | 2.3 K | ||||
Beta | 2.4 | ||||
Market Capitalization | 88.86 M | ||||
Total Asset | 644.68 M | ||||
Retained Earnings | 169.67 M | ||||
Working Capital | 119.48 M | ||||
Current Asset | 332.93 M | ||||
Current Liabilities | 160.92 M | ||||
Z Score | 2.2 | ||||
Annual Yield | 0.18 % | ||||
Five Year Return | 7.96 % | ||||
Net Asset | 644.68 M | ||||
Last Dividend Paid | 0.88 |
About Big 5 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Big 5 Sporting's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Big 5 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Big 5 Sporting based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company was founded in 1955 and is headquartered in El Segundo, California. Big 5 operates under Specialty Retail classification in the United States and is traded on NASDAQ Exchange. It employs 2400 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Big 5 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Big 5's short interest history, or implied volatility extrapolated from Big 5 options trading.
Pair Trading with Big 5
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 Big 5 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 Big 5 will appreciate offsetting losses from the drop in the long position's value.Moving together with Big Stock
0.81 | BQ | Boqii Holding Limited | PairCorr |
Moving against Big Stock
0.88 | AAP | Advance Auto Parts Financial Report 29th of May 2024 | PairCorr |
0.86 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
0.82 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
0.63 | MGNI | Magnite Financial Report 8th of May 2024 | PairCorr |
0.63 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Big 5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big 5 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 Big 5 - 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 Big 5 Sporting to buy it.
The correlation of Big 5 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 Big 5 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big 5 Sporting 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 Big 5 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 Big 5 Piotroski F Score and Big 5 Altman Z Score analysis. Note that the Big 5 Sporting information on this page should be used as a complementary analysis to other Big 5'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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Big Stock analysis
When running Big 5's price analysis, check to measure Big 5'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 Big 5 is operating at the current time. Most of Big 5's value examination focuses on studying past and present price action to predict the probability of Big 5's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Big 5's price. Additionally, you may evaluate how the addition of Big 5 to your portfolios can decrease your overall portfolio volatility.
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Is Big 5'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 Big 5. If investors know Big 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 Big 5 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 (0.72) | Dividend Share 0.875 | Earnings Share (0.33) | Revenue Per Share 40.68 | Quarterly Revenue Growth (0.18) |
The market value of Big 5 Sporting is measured differently than its book value, which is the value of Big that is recorded on the company's balance sheet. Investors also form their own opinion of Big 5's value that differs from its market value or its book value, called intrinsic value, which is Big 5'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 Big 5's market value can be influenced by many factors that don't directly affect Big 5'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 Big 5's value and its price as these two are different measures arrived at by different means. Investors typically determine if Big 5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Big 5'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.