Better Ev To Sales vs Cash Per Share Analysis
| BETR Stock | 15.77 1.46 10.20% |
Better Home financial indicator trend analysis is way more than just evaluating Better Home Finance prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Better Home Finance is a good investment. Please check the relationship between Better Home Ev To Sales and its Cash Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Better Home Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Ev To Sales vs Cash Per Share
Ev To Sales vs Cash Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Better Home Finance Ev To Sales account and Cash Per Share. At this time, the significance of the direction appears to have weak relationship.
The correlation between Better Home's Ev To Sales and Cash Per Share is 0.38. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Better Home Finance, assuming nothing else is changed. The correlation between historical values of Better Home's Ev To Sales and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of Better Home Finance are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Ev To Sales i.e., Better Home's Ev To Sales and Cash Per Share go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Cash Per Share
Most indicators from Better Home's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Better Home Finance 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 Better Home Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Better Home's Tax Provision is relatively stable compared to the past year. As of 12/02/2024, Sales General And Administrative To Revenue is likely to grow to 1.10, while Issuance Of Capital Stock is likely to drop slightly above 9 M.
| 2022 | 2023 | 2024 (projected) | Interest Expense | 303.2M | 31.6M | 30.0M | Depreciation And Amortization | 8.6M | 42.9M | 45.0M |
Better Home fundamental ratios Correlations
Click cells to compare fundamentals
Better Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Better Home
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 Better Home 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 Better Home will appreciate offsetting losses from the drop in the long position's value.Moving against Better Stock
| 0.78 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.76 | LC | LendingClub Corp | PairCorr |
| 0.71 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.71 | SF | Stifel Financial Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.7 | DIST | Distoken Acquisition | PairCorr |
The ability to find closely correlated positions to Better Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Home 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 Better Home - 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 Better Home Finance to buy it.
The correlation of Better Home 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 Better Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Home Finance 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 Better Home 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 Better Stock Analysis
When running Better Home's price analysis, check to measure Better Home'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 Better Home is operating at the current time. Most of Better Home's value examination focuses on studying past and present price action to predict the probability of Better Home's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Home's price. Additionally, you may evaluate how the addition of Better Home to your portfolios can decrease your overall portfolio volatility.