Fastenal Price Book Value Ratio from 2010 to 2024
| FAST Stock | USD 63.89 0.12 0.19% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 11.04911534 | Current Value 8.86 | Quarterly Volatility 2.0573568 |
Check Fastenal financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fastenal's main balance sheet or income statement drivers, such as Depreciation And Amortization of 214.1 M, Interest Expense of 11.3 M or Total Revenue of 7.7 B, as well as many indicators such as Price To Sales Ratio of 3.1, Dividend Yield of 0.0289 or PTB Ratio of 8.86. Fastenal financial statements analysis is a perfect complement when working with Fastenal Valuation or Volatility modules.
Fastenal | Price Book Value Ratio |
Latest Fastenal's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Fastenal Company over the last few years. It is Fastenal's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fastenal's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
|
Price Book Value Ratio |
| Timeline |
Fastenal Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 8.20 | |
| Geometric Mean | 7.92 | |
| Coefficient Of Variation | 25.10 | |
| Mean Deviation | 1.49 | |
| Median | 7.95 | |
| Standard Deviation | 2.06 | |
| Sample Variance | 4.23 | |
| Range | 8.6212 | |
| R-Value | 0.60 | |
| Mean Square Error | 2.92 | |
| R-Squared | 0.36 | |
| Significance | 0.02 | |
| Slope | 0.28 | |
| Total Sum of Squares | 59.26 |
Fastenal Price Book Value Ratio History
About Fastenal Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Fastenal income statement, its balance sheet, and the statement of cash flows. Fastenal investors use historical funamental indicators, such as Fastenal's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Fastenal investors may use each financial statement separately, they are all related. The changes in Fastenal's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Fastenal's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Fastenal Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Fastenal. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 11.05 | 8.86 |
Pair Trading with Fastenal
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 Fastenal 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 Fastenal will appreciate offsetting losses from the drop in the long position's value.Moving against Fastenal Stock
| 0.75 | SMSMY | Sims Metal Management | PairCorr |
| 0.67 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
| 0.63 | WSO | Watsco Inc | PairCorr |
| 0.6 | TRNS | Transcat | PairCorr |
| 0.59 | BE | Bloom Energy Corp | PairCorr |
The ability to find closely correlated positions to Fastenal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fastenal 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 Fastenal - 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 Fastenal Company to buy it.
The correlation of Fastenal 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 Fastenal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fastenal 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 Fastenal 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 Fastenal Stock Analysis
When running Fastenal's price analysis, check to measure Fastenal'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 Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.