Bassett Common Stock Total Equity vs Other Stockholder Equity Analysis
BSET Stock | USD 14.22 0.40 2.89% |
Bassett Furniture financial indicator trend analysis is way more than just evaluating Bassett Furniture prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bassett Furniture is a good investment. Please check the relationship between Bassett Furniture Common Stock Total Equity and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Common Stock Total Equity vs Other Stockholder Equity
Common Stock Total Equity vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bassett Furniture Common Stock Total Equity account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Bassett Furniture's Common Stock Total Equity and Other Stockholder Equity is 0.49. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Bassett Furniture Industries, assuming nothing else is changed. The correlation between historical values of Bassett Furniture's Common Stock Total Equity and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Bassett Furniture Industries are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Common Stock Total Equity i.e., Bassett Furniture's Common Stock Total Equity and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.49 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Other Stockholder Equity
Most indicators from Bassett Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bassett Furniture 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 Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Bassett Furniture's Discontinued Operations is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 380.1 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.56 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 38K | 22K | 19.8K | 18.8K | Depreciation And Amortization | 11.3M | 10.1M | 11.7M | 10.2M |
Bassett Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Bassett Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bassett Furniture fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 402.5M | 421.7M | 406.3M | 370.4M | 426.0M | 329.9M | |
Other Current Liab | 28.1M | 26.7M | 25.7M | 19.9M | 22.9M | 20.8M | |
Total Current Liabilities | 118.4M | 134.2M | 100.8M | 77.9M | 89.6M | 57.9M | |
Total Stockholder Equity | 158.0M | 162.7M | 195.6M | 183.4M | 165.1M | 171.9M | |
Property Plant And Equipment Net | 207.8M | 208.2M | 176.5M | 184.9M | 212.6M | 223.2M | |
Net Debt | 93.3M | 99.2M | 54.7M | 63.8M | 73.3M | 77.0M | |
Retained Earnings | 109.7M | 115.6M | 150.8M | 139.4M | 125.4M | 130.3M | |
Cash | 45.8M | 34.4M | 61.6M | 52.4M | 47.2M | 26.2M | |
Non Current Assets Total | 241.9M | 241.4M | 209.8M | 212.5M | 244.3M | 161.3M | |
Non Currrent Assets Other | 5.6M | 6.5M | 6.1M | 6.9M | 6.2M | 6.5M | |
Cash And Short Term Investments | 63.5M | 52.1M | 79.3M | 70.2M | 80.7M | 42.7M | |
Net Receivables | 32.0M | 36.5M | 20.2M | 16.3M | 14.7M | 13.9M | |
Common Stock Shares Outstanding | 10.0M | 9.8M | 9.4M | 8.8M | 7.9M | 9.9M | |
Liabilities And Stockholders Equity | 402.5M | 421.7M | 406.3M | 370.4M | 426.0M | 329.9M | |
Non Current Liabilities Total | 126.1M | 124.7M | 109.8M | 109.1M | 125.5M | 131.7M | |
Inventory | 54.9M | 78.0M | 85.5M | 63.0M | 56.7M | 45.0M | |
Other Current Assets | 10.3M | 13.6M | 11.5M | 8.5M | 7.6M | 9.6M | |
Other Stockholder Equity | (1.4M) | 113K | 50K | 93K | 83.7K | 79.5K | |
Total Liab | 244.5M | 258.9M | 210.7M | 187.0M | 215.0M | 225.8M | |
Property Plant And Equipment Gross | 207.8M | 208.2M | 176.5M | 343.7M | 395.2M | 415.0M | |
Total Current Assets | 160.7M | 180.3M | 196.5M | 158.0M | 142.2M | 122.7M | |
Accumulated Other Comprehensive Income | (1.4M) | (1.8M) | 50K | 152K | 174.8K | 183.5K | |
Accounts Payable | 23.4M | 28.3M | 20.4M | 16.3M | 14.7M | 17.3M | |
Common Stock Total Equity | 52.6M | 50.6M | 49.7M | 44.8M | 40.3M | 44.8M | |
Short Term Investments | 22.6M | 17.4M | 17.7M | 17.8M | 16.0M | 26.3M | |
Common Stock | 49.7M | 48.8M | 44.8M | 43.8M | 39.5M | 44.2M | |
Other Liab | 24.8M | 14.2M | 13.0M | 12M | 10.8M | 16.2M | |
Other Assets | 10.2M | 9.7M | 11.6M | (37.9M) | (34.1M) | (32.4M) | |
Property Plant Equipment | 101.7M | 90.9M | 208.2M | 77.0M | 88.6M | 102.5M | |
Current Deferred Revenue | 39.8M | 51.5M | 36.0M | 22.8M | 26.2M | 27.5M | |
Intangible Assets | 11.7M | 11.3M | 9.0M | 8.9M | 10.2M | 6.5M | |
Net Tangible Assets | 178.7M | 158.0M | 139.3M | 195.6M | 225.0M | 179.2M | |
Retained Earnings Total Equity | 140.0M | 129.1M | 109.7M | 150.8M | 173.4M | 133.1M | |
Non Current Liabilities Other | 126.1M | 5.9M | 109.8M | 1.5M | 1.8M | 1.7M |
Pair Trading with Bassett Furniture
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 Bassett Furniture 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 Bassett Furniture will appreciate offsetting losses from the drop in the long position's value.Moving together with Bassett Stock
0.66 | NTZ | Natuzzi SpA | PairCorr |
Moving against Bassett Stock
0.69 | JD | JD Inc Adr Buyout Trend | PairCorr |
0.57 | AN | AutoNation | PairCorr |
0.54 | WING | Wingstop | PairCorr |
The ability to find closely correlated positions to Bassett Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bassett Furniture 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 Bassett Furniture - 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 Bassett Furniture Industries to buy it.
The correlation of Bassett Furniture 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 Bassett Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bassett Furniture 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 Bassett Furniture 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Bassett Furniture information on this page should be used as a complementary analysis to other Bassett Furniture'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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When running Bassett Furniture's price analysis, check to measure Bassett Furniture'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 Bassett Furniture is operating at the current time. Most of Bassett Furniture's value examination focuses on studying past and present price action to predict the probability of Bassett Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bassett Furniture's price. Additionally, you may evaluate how the addition of Bassett Furniture to your portfolios can decrease your overall portfolio volatility.
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Is Bassett Furniture'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 Bassett Furniture. If investors know Bassett 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 Bassett Furniture 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 (0.95) | Dividend Share 0.7 | Earnings Share (0.66) | Revenue Per Share 42.156 | Quarterly Revenue Growth (0.20) |
The market value of Bassett Furniture is measured differently than its book value, which is the value of Bassett that is recorded on the company's balance sheet. Investors also form their own opinion of Bassett Furniture's value that differs from its market value or its book value, called intrinsic value, which is Bassett Furniture'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 Bassett Furniture's market value can be influenced by many factors that don't directly affect Bassett Furniture'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 Bassett Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bassett Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bassett Furniture'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.