BSET Stock | | | USD 15.27 0.33 2.21% |
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 Pb Ratio and its Net Income Per Share 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bassett Furniture Pb Ratio account and
Net Income Per Share. At this time, the significance of the direction appears to have weak relationship.
The correlation between Bassett Furniture's Pb Ratio and Net Income Per Share is 0.36. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Net Income Per Share 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 Pb Ratio and Net Income 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 Pb Ratio of Bassett Furniture Industries are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Pb Ratio i.e., Bassett Furniture's Pb Ratio and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
When running Bassett Furniture's price analysis, check to
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.