| BSET Stock | | | USD 14.94 0.55 3.82% |
Bassett Furniture financial indicator trend analysis is way more than just evaluating Bassett Furniture prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bassett Furniture is a good investment. Please check the relationship between Bassett Furniture Operating Income and its Total Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Operating Income vs Total Operating Expenses
Operating Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bassett Furniture Operating Income account and
Total Operating Expenses. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bassett Furniture's Operating Income and Total Operating Expenses is -0.06. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Bassett Furniture Industries, assuming nothing else is changed. The correlation between historical values of Bassett Furniture's Operating Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Bassett Furniture Industries are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Bassett Furniture's Operating Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.06 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Bassett Furniture operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Bassett Furniture Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Bassett Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bassett Furniture 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 Bassett Furniture Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Bassett Furniture's
Discontinued Operations is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 380.1
K in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.56 in 2024.
Bassett Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Bassett Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bassett Furniture fundamental ratios Accounts
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Additional Tools for Bassett Stock Analysis
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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.