Bassett Furniture Industries Stock Market Value
| BSET Stock | USD 13.48 0.08 0.60% |
| Symbol | Bassett |
Bassett Furniture Price To Book Ratio
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.
Bassett Furniture 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bassett Furniture's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bassett Furniture.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Bassett Furniture on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bassett Furniture Industries or generate 0.0% return on investment in Bassett Furniture over 30 days. Bassett Furniture is related to or competes with Hooker Furniture, Flexsteel Industries, Haverty Furniture, La Z, and Sierra Bancorp. Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the ... More
Bassett Furniture Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bassett Furniture's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bassett Furniture Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.92 |
Bassett Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bassett Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bassett Furniture's standard deviation. In reality, there are many statistical measures that can use Bassett Furniture historical prices to predict the future Bassett Furniture's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bassett Furniture's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bassett Furniture Backtested Returns
Bassett Furniture secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Bassett Furniture Industries exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bassett Furniture's Standard Deviation of 1.78, mean deviation of 1.29, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bassett Furniture will likely underperform. Bassett Furniture has an expected return of -0.27%. Please make sure to confirm Bassett Furniture skewness, as well as the relationship between the day median price and relative strength index , to decide if Bassett Furniture performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Bassett Furniture Industries has very good predictability. Overlapping area represents the amount of predictability between Bassett Furniture time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bassett Furniture price movement. The serial correlation of 0.83 indicates that around 83.0% of current Bassett Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Bassett Furniture lagged returns against current returns
Autocorrelation, which is Bassett Furniture stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bassett Furniture's stock expected returns. We can calculate the autocorrelation of Bassett Furniture returns to help us make a trade decision. For example, suppose you find that Bassett Furniture has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bassett Furniture regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bassett Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bassett Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bassett Furniture stock over time.
Current vs Lagged Prices |
| Timeline |
Bassett Furniture Lagged Returns
When evaluating Bassett Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bassett Furniture stock have on its future price. Bassett Furniture autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bassett Furniture autocorrelation shows the relationship between Bassett Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Bassett Furniture Industries.
Regressed Prices |
| Timeline |
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 Bassett Furniture 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, Bassett Furniture's short interest history, or implied volatility extrapolated from Bassett Furniture options trading.
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
| 0.69 | VIOT | Viomi Technology ADR | PairCorr |
Moving against Bassett Stock
| 0.77 | SN | SharkNinja | PairCorr |
| 0.7 | FLXS | Flexsteel Industries Earnings Call This Week | PairCorr |
| 0.7 | HBB | Hamilton Beach Brands | PairCorr |
| 0.69 | GM | General Motors Sell-off Trend | PairCorr |
| 0.67 | BH | Biglari Holdings | 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 Bassett Furniture Correlation, Bassett Furniture Volatility and Bassett Furniture Alpha and Beta module to complement your research on Bassett Furniture. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Bassett Stock analysis
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.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Bassett Furniture technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.