BJs Price to Sales Ratio from 2010 to 2024
| BJ Stock | USD 76.15 0.87 1.13% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.429816 | Current Value 0.21742496 | Quarterly Volatility 0.09955473 |
Check BJs Wholesale financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BJs main balance sheet or income statement drivers, such as Tax Provision of 222.9 M, Interest Income of 40.6 M or Depreciation And Amortization of 197.5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.22, Dividend Yield of 0.27 or Days Sales Outstanding of 5.46. BJs financial statements analysis is a perfect complement when working with BJs Wholesale Valuation or Volatility modules.
BJs | Price to Sales Ratio |
Pair Trading with BJs Wholesale
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 BJs Wholesale 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 BJs Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving together with BJs Stock
| 0.72 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.92 | TGT | Target Financial Report 15th of May 2024 | PairCorr |
Moving against BJs Stock
| 0.89 | HFFG | Hf Foods Group | PairCorr |
| 0.86 | IH | IhumanInc | PairCorr |
| 0.77 | CBD | Companhia Brasileira Financial Report 2nd of May 2024 | PairCorr |
| 0.64 | YI | 111 Inc | PairCorr |
| 0.58 | WBUY | WEBUY GLOBAL LTD | PairCorr |
The ability to find closely correlated positions to BJs Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BJs Wholesale 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 BJs Wholesale - 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 BJs Wholesale Club to buy it.
The correlation of BJs Wholesale 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 BJs Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BJs Wholesale Club 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 BJs Wholesale 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 BJs Wholesale Correlation against competitors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for BJs Stock analysis
When running BJs Wholesale's price analysis, check to measure BJs Wholesale'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 BJs Wholesale is operating at the current time. Most of BJs Wholesale's value examination focuses on studying past and present price action to predict the probability of BJs Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BJs Wholesale's price. Additionally, you may evaluate how the addition of BJs Wholesale to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Is BJs Wholesale'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 BJs Wholesale. If investors know BJs 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 BJs Wholesale 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 0.144 | Earnings Share 3.88 | Revenue Per Share 150.087 | Quarterly Revenue Growth 0.087 | Return On Assets 0.0781 |
The market value of BJs Wholesale Club is measured differently than its book value, which is the value of BJs that is recorded on the company's balance sheet. Investors also form their own opinion of BJs Wholesale's value that differs from its market value or its book value, called intrinsic value, which is BJs Wholesale'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 BJs Wholesale's market value can be influenced by many factors that don't directly affect BJs Wholesale'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 BJs Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if BJs Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BJs Wholesale'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.