Inspire Roe from 2010 to 2024
| IVP Stock | 0.21 0.01 5.00% |
ROE | First Reported 2010-12-31 | Previous Quarter 18.76652978 | Current Value 19.7 | Quarterly Volatility 6.79806588 |
Check Inspire Veterinary financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Inspire Veterinary's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.5 M, Selling General Administrative of 10 M or Other Operating Expenses of 25.1 M, as well as many indicators such as Price To Sales Ratio of 0.13, Dividend Yield of 0.0 or Days Sales Outstanding of 4.43. Inspire financial statements analysis is a perfect complement when working with Inspire Veterinary Valuation or Volatility modules.
Inspire | Roe |
Latest Inspire Veterinary's Roe Growth Pattern
Below is the plot of the Roe of Inspire Veterinary Partners, over the last few years. It is Inspire Veterinary's ROE historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Inspire Veterinary's overall financial position and show how it may be relating to other accounts over time.
| Roe | 10 Years Trend |
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Roe |
| Timeline |
Inspire Roe Regression Statistics
| Arithmetic Mean | 2.55 | |
| Coefficient Of Variation | 267.00 | |
| Mean Deviation | 4.45 | |
| Median | (0.25) | |
| Standard Deviation | 6.80 | |
| Sample Variance | 46.21 | |
| Range | 19.9513 | |
| R-Value | 0.63 | |
| Mean Square Error | 30.19 | |
| R-Squared | 0.39 | |
| Significance | 0.01 | |
| Slope | 0.95 | |
| Total Sum of Squares | 646.99 |
Inspire Roe History
About Inspire Veterinary Financial Statements
Inspire Veterinary shareholders use historical fundamental indicators, such as Roe, to determine how well the company is positioned to perform in the future. Although Inspire Veterinary investors may analyze each financial statement separately, they are all interrelated. The changes in Inspire Veterinary's assets and liabilities, for example, are also reflected in the revenues and expenses on on Inspire Veterinary's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROE | 18.77 | 19.70 |
Pair Trading with Inspire Veterinary
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 Inspire Veterinary 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 Inspire Veterinary will appreciate offsetting losses from the drop in the long position's value.Moving together with Inspire Stock
Moving against Inspire Stock
| 0.75 | ELMD | Electromed | PairCorr |
| 0.65 | ECOR | Electrocore LLC | PairCorr |
| 0.62 | MD | Mednax Inc | PairCorr |
| 0.61 | DOCS | Doximity Sell-off Trend | PairCorr |
| 0.41 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Inspire Veterinary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspire Veterinary 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 Inspire Veterinary - 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 Inspire Veterinary Partners, to buy it.
The correlation of Inspire Veterinary 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 Inspire Veterinary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspire Veterinary 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 Inspire Veterinary 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 Inspire Stock Analysis
When running Inspire Veterinary's price analysis, check to measure Inspire Veterinary'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 Inspire Veterinary is operating at the current time. Most of Inspire Veterinary's value examination focuses on studying past and present price action to predict the probability of Inspire Veterinary's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inspire Veterinary's price. Additionally, you may evaluate how the addition of Inspire Veterinary to your portfolios can decrease your overall portfolio volatility.