Hour Historical Financial Ratios
| HOUR Stock | USD 1.53 0.01 0.66% |
Hour Loop is recently reporting on over 91 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 10.32 or Days Sales Outstanding of 1.51 will help investors to properly organize and evaluate Hour Loop financial condition quickly.
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About Hour Financial Ratios Analysis
Hour LoopFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hour Loop investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hour financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hour Loop history.
Hour Loop Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Hour Loop stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hour Loop sales, a figure that is much harder to manipulate than other Hour Loop multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Hour Loop dividend as a percentage of Hour Loop stock price. Hour Loop dividend yield is a measure of Hour Loop stock productivity, which can be interpreted as interest rate earned on an Hour Loop investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Hour Loop's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Hour Loop current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hour Loop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Hour Stock, please use our How to Invest in Hour Loop guide.At this time, Hour Loop's Days Of Inventory On Hand is relatively stable compared to the past year. As of 11/29/2024, Payables Turnover is likely to grow to 18.07, while PTB Ratio is likely to drop 10.32.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.008013 | 0.007212 | 0.007572 | Price To Sales Ratio | 4.24 | 0.37 | 0.35 |
Hour Loop fundamentals Correlations
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Hour Loop Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hour Loop
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 Hour Loop 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 Hour Loop will appreciate offsetting losses from the drop in the long position's value.Moving together with Hour Stock
| 0.69 | HD | Home Depot Sell-off Trend | PairCorr |
Moving against Hour Stock
| 0.8 | GRPN | Groupon | PairCorr |
| 0.69 | BGI | Birks Group | PairCorr |
| 0.53 | ZUMZ | Zumiez Inc | PairCorr |
| 0.45 | DKS | Dicks Sporting Goods | PairCorr |
| 0.41 | ASO | Academy Sports Outdoors | PairCorr |
The ability to find closely correlated positions to Hour Loop could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hour Loop 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 Hour Loop - 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 Hour Loop to buy it.
The correlation of Hour Loop 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 Hour Loop moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hour Loop 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 Hour Loop 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 Hour Stock Analysis
When running Hour Loop's price analysis, check to measure Hour Loop'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 Hour Loop is operating at the current time. Most of Hour Loop's value examination focuses on studying past and present price action to predict the probability of Hour Loop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hour Loop's price. Additionally, you may evaluate how the addition of Hour Loop to your portfolios can decrease your overall portfolio volatility.