Six Price To Sales Ratio from 2010 to 2024
| FUN Stock | USD 45.59 0.51 1.11% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 1.12712985 | Current Value 1.07 | Quarterly Volatility 2.73551872 |
Check Six Flags financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Six Flags' main balance sheet or income statement drivers, such as Depreciation And Amortization of 165.9 M, Interest Expense of 148.9 M or Total Revenue of 1.9 B, as well as many indicators such as Price To Sales Ratio of 1.07, Dividend Yield of 0.0286 or Days Sales Outstanding of 9.86. Six financial statements analysis is a perfect complement when working with Six Flags Valuation or Volatility modules.
Six | Price To Sales Ratio |
Latest Six Flags' Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Six Flags Entertainment over the last few years. Price to Sales Ratio is figured by comparing Six Flags Entertainment stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Six Flags sales, a figure that is much harder to manipulate than other Six Flags Entertainment multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period. Six Flags' Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Six Flags' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.90 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Six Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 2.59 | |
| Geometric Mean | 2.05 | |
| Coefficient Of Variation | 105.57 | |
| Mean Deviation | 1.33 | |
| Median | 2.12 | |
| Standard Deviation | 2.74 | |
| Sample Variance | 7.48 | |
| Range | 11.1674 | |
| R-Value | 0.13 | |
| Mean Square Error | 7.91 | |
| R-Squared | 0.02 | |
| Significance | 0.63 | |
| Slope | 0.08 | |
| Total Sum of Squares | 104.76 |
Six Price To Sales Ratio History
About Six Flags Financial Statements
Six Flags investors utilize fundamental indicators, such as Price To Sales Ratio, to predict how Six Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 1.13 | 1.07 |
Pair Trading with Six Flags
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 Six Flags 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 Six Flags will appreciate offsetting losses from the drop in the long position's value.Moving together with Six Stock
Moving against Six Stock
The ability to find closely correlated positions to Six Flags could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Six Flags 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 Six Flags - 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 Six Flags Entertainment to buy it.
The correlation of Six Flags 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 Six Flags moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Six Flags Entertainment 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 Six Flags 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 Six Flags Correlation against competitors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Hotels, Restaurants & Leisure space 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 Six Flags. If investors know Six 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 Six Flags 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 (0.74) | Dividend Share 0.3 | Earnings Share 2.4 | Revenue Per Share 38.014 | Quarterly Revenue Growth 0.601 |
The market value of Six Flags Entertainment is measured differently than its book value, which is the value of Six that is recorded on the company's balance sheet. Investors also form their own opinion of Six Flags' value that differs from its market value or its book value, called intrinsic value, which is Six Flags' 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 Six Flags' market value can be influenced by many factors that don't directly affect Six Flags' 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 Six Flags' value and its price as these two are different measures arrived at by different means. Investors typically determine if Six Flags is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Six Flags' 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.