Sovos Financial Statements From 2010 to 2024
| SOVODelisted Stock | USD 18.62 0.16 0.85% |
Check Sovos Brands financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sovos Brands' main balance sheet or income statement drivers, such as , as well as many indicators such as . Sovos financial statements analysis is a perfect complement when working with Sovos Brands Valuation or Volatility modules.
Sovos |
Sovos Brands Company Return On Equity Analysis
Sovos Brands' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Sovos Brands Return On Equity | 0.06 |
Most of Sovos Brands' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sovos Brands is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Sovos Brands has a Return On Equity of 0.06. This is 97.73% lower than that of the Food Products sector and 101.14% lower than that of the Consumer Staples industry. The return on equity for all United States stocks is 119.35% lower than that of the firm.
Sovos Brands Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Sovos Brands's current stock value. Our valuation model uses many indicators to compare Sovos Brands value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sovos Brands competition to find correlations between indicators driving Sovos Brands's intrinsic value. More Info.Sovos Brands is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.85 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Sovos Brands is roughly 1.17 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Sovos Brands' earnings, one of the primary drivers of an investment's value.About Sovos Brands Financial Statements
Sovos Brands investors utilize fundamental indicators, such as revenue or net income, to predict how Sovos 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.
Sovos Brands, Inc., through its subsidiaries, manufactures and distributes consumer food products in the United States. Sovos Brands, Inc. was founded in 1983 and is headquartered in Louisville, Colorado. Sovos Brands operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 608 people.
Pair Trading with Sovos Brands
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 Sovos Brands 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 Sovos Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Sovos Stock
Moving against Sovos Stock
| 0.65 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.64 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.54 | BKRKY | Bank Rakyat | PairCorr |
| 0.5 | DIT | AMCON Distributing | PairCorr |
| 0.47 | TLK | Telkom Indonesia Tbk | PairCorr |
The ability to find closely correlated positions to Sovos Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sovos Brands 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 Sovos Brands - 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 Sovos Brands to buy it.
The correlation of Sovos Brands 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 Sovos Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sovos Brands 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 Sovos Brands 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Other Consideration for investing in Sovos Stock
If you are still planning to invest in Sovos Brands check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sovos Brands' history and understand the potential risks before investing.
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