| BFST Stock | | | USD 19.72 0.40 1.99% |
Business First financial indicator trend analysis is way more than just evaluating Business First Bancshares prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Business First Bancshares is a good investment. Please check the relationship between Business First Total Operating Expenses and its Ebit accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Business First Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Total Operating Expenses vs Ebit
Total Operating Expenses vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Business First Bancshares Total Operating Expenses account and
Ebit. At this time, the significance of the direction appears to have pay attention.
The correlation between Business First's Total Operating Expenses and Ebit is -0.87. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Ebit in the same time period over historical financial statements of Business First Bancshares, assuming nothing else is changed. The correlation between historical values of Business First's Total Operating Expenses and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Business First Bancshares are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Total Operating Expenses i.e., Business First's Total Operating Expenses and Ebit go up and down completely randomly.
Correlation Coefficient | -0.87 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Ebit
Most indicators from Business First's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Business First Bancshares current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Business First Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Business First's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 21
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 84.55 in 2024.
Business First fundamental ratios Correlations
Click cells to compare fundamentals
Business First Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Business First fundamental ratios Accounts
Pair Trading with Business First
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 Business First 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 Business First will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Business First could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Business First 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 Business First - 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 Business First Bancshares to buy it.
The correlation of Business First 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 Business First moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Business First Bancshares 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 Business First 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 Business Stock Analysis
When running Business First's price analysis, check to
measure Business First'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 Business First is operating at the current time. Most of Business First's value examination focuses on studying past and present price action to
predict the probability of Business First's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Business First's price. Additionally, you may evaluate how the addition of Business First to your portfolios can decrease your overall portfolio volatility.