Bassett Furniture Industries Stock Price Prediction
| BSET Stock | USD 14.39 0.12 0.83% |
Oversold Vs Overbought
65
Oversold | Overbought |
Quarterly Earnings Growth (0.95) | EPS Estimate Current Year (0.79) | EPS Estimate Next Year 0.675 | Wall Street Target Price 19 | EPS Estimate Current Quarter (0.38) |
Using Bassett Furniture hype-based prediction, you can estimate the value of Bassett Furniture Industries from the perspective of Bassett Furniture response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Bassett Furniture to buy its stock at a price that has no basis in reality. In that case, they are not buying Bassett because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Bassett Furniture after-hype prediction price | USD 14.39 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Bassett |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bassett Furniture's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bassett Furniture After-Hype Price Prediction Density Analysis
As far as predicting the price of Bassett Furniture at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Bassett Furniture or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Bassett Furniture, with the unreliable approximations that try to describe financial returns.
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| Expected price to next headline |
Bassett Furniture Estimiated After-Hype Price Volatility
In the context of predicting Bassett Furniture's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Bassett Furniture's historical news coverage. Bassett Furniture's after-hype downside and upside margins for the prediction period are 12.55 and 16.23, respectively. We have considered Bassett Furniture's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Bassett Furniture is very steady at this time. Analysis and calculation of next after-hype price of Bassett Furniture is based on 3 months time horizon.
Bassett Furniture Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Bassett Furniture is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bassett Furniture backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Bassett Furniture, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.17 | 1.86 | 0.00 | 0.13 | 8 Events / Month | 4 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
14.39 | 14.39 | 0.00 |
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Bassett Furniture Hype Timeline
Bassett Furniture is currently traded for 14.39. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.13. Bassett is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at 0.17%. %. The volatility of related hype on Bassett Furniture is about 240.31%, with the expected price after the next announcement by competition of 14.52. About 50.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.77. Some equities with similar Price to Book (P/B) outperform the market in the long run. Bassett Furniture has Price/Earnings To Growth (PEG) ratio of 1.13. The entity recorded a loss per share of 1.97. The firm last dividend was issued on the 15th of November 2024. Bassett Furniture had 5:4 split on the 27th of May 1993. Given the investment horizon of 90 days the next forecasted press release will be in about 8 days. Check out Bassett Furniture Basic Forecasting Models to cross-verify your projections.Bassett Furniture Related Hype Analysis
Having access to credible news sources related to Bassett Furniture's direct competition is more important than ever and may enhance your ability to predict Bassett Furniture's future price movements. Getting to know how Bassett Furniture's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Bassett Furniture may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HOFT | Hooker Furniture | (0.75) | 10 per month | 2.49 | 0.09 | 5.56 | (3.65) | 11.82 | |
| FLXS | Flexsteel Industries | 3.80 | 10 per month | 1.50 | 0.15 | 6.86 | (3.40) | 33.56 | |
| HVT | Haverty Furniture Companies | 0.01 | 8 per month | 0.00 | (0.16) | 4.40 | (3.51) | 13.87 | |
| LZB | La Z Boy Incorporated | 1.05 | 9 per month | 1.73 | (0.02) | 3.19 | (2.61) | 9.51 | |
| BSRR | Sierra Bancorp | (0.24) | 9 per month | 2.14 | 0.03 | 4.11 | (3.15) | 26.66 |
Bassett Furniture Additional Predictive Modules
Most predictive techniques to examine Bassett price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bassett using various technical indicators. When you analyze Bassett charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Volume Indicators |
About Bassett Furniture Predictive Indicators
The successful prediction of Bassett Furniture stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Bassett Furniture Industries, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Bassett Furniture based on analysis of Bassett Furniture hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Bassett Furniture's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Bassett Furniture's related companies. | 2012 | 2018 | 2023 | 2024 (projected) | Dividend Yield | 0.0407 | 0.0409 | 0.0328 | 0.0428 | Price To Sales Ratio | 0.47 | 0.37 | 0.35 | 0.65 |
Story Coverage note for Bassett Furniture
The number of cover stories for Bassett Furniture depends on current market conditions and Bassett Furniture's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Bassett Furniture is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Bassett Furniture's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Bassett Furniture Short Properties
Bassett Furniture's future price predictability will typically decrease when Bassett Furniture's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Bassett Furniture Industries often depends not only on the future outlook of the potential Bassett Furniture's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bassett Furniture's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.8 M | |
| Cash And Short Term Investments | 70.2 M |
Additional Tools for Bassett Stock Analysis
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.