Barrett Business Services Stock Market Value
| BBSI Stock | USD 123.80 0.33 0.27% |
| Symbol | Barrett |
Barrett Business Services Price To Book Ratio
Is Barrett Business' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrett Business. If investors know Barrett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrett Business listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.509 | Dividend Share 1.2 | Earnings Share 7.4 | Revenue Per Share 158.863 | Quarterly Revenue Growth 0.1 |
The market value of Barrett Business Services is measured differently than its book value, which is the value of Barrett that is recorded on the company's balance sheet. Investors also form their own opinion of Barrett Business' value that differs from its market value or its book value, called intrinsic value, which is Barrett Business' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrett Business' market value can be influenced by many factors that don't directly affect Barrett Business' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrett Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrett Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrett Business' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Barrett Business 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Barrett Business' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Barrett Business.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Barrett Business on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Barrett Business Services or generate 0.0% return on investment in Barrett Business over 90 days. Barrett Business is related to or competes with Ziprecruiter, and Kanzhun. Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United S... More
Barrett Business Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Barrett Business' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Barrett Business Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0331 | |||
| Maximum Drawdown | 8.81 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.1 |
Barrett Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barrett Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barrett Business' standard deviation. In reality, there are many statistical measures that can use Barrett Business historical prices to predict the future Barrett Business' volatility.| Risk Adjusted Performance | 0.0666 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0309 | |||
| Treynor Ratio | 0.1089 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barrett Business' 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.
Barrett Business Services Backtested Returns
We consider Barrett Business very steady. Barrett Business Services secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Barrett Business Services, which you can use to evaluate the volatility of the firm. Please confirm Barrett Business' Mean Deviation of 1.05, risk adjusted performance of 0.0666, and Downside Deviation of 1.59 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Barrett Business has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.23, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Barrett Business will likely underperform. Barrett Business Services right now shows a risk of 1.49%. Please confirm Barrett Business Services treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Barrett Business Services will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Barrett Business Services has poor reverse predictability. Overlapping area represents the amount of predictability between Barrett Business time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Barrett Business Services price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Barrett Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 6.02 |
Barrett Business Services lagged returns against current returns
Autocorrelation, which is Barrett Business stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Barrett Business' stock expected returns. We can calculate the autocorrelation of Barrett Business returns to help us make a trade decision. For example, suppose you find that Barrett Business has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Barrett Business regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Barrett Business stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barrett Business stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barrett Business stock over time.
Current vs Lagged Prices |
| Timeline |
Barrett Business Lagged Returns
When evaluating Barrett Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barrett Business stock have on its future price. Barrett Business autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Barrett Business autocorrelation shows the relationship between Barrett Business stock current value and its past values and can show if there is a momentum factor associated with investing in Barrett Business Services.
Regressed Prices |
| Timeline |
Pair Trading with Barrett Business
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 Barrett Business 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 Barrett Business will appreciate offsetting losses from the drop in the long position's value.Moving together with Barrett Stock
| 0.86 | LZ | LegalZoom Financial Report 14th of May 2024 | PairCorr |
| 0.89 | MG | Mistras Group Earnings Call This Week | PairCorr |
Moving against Barrett Stock
| 0.76 | DLHC | DLH Holdings Corp Earnings Call This Week | PairCorr |
| 0.74 | VRSK | Verisk Analytics Earnings Call This Week | PairCorr |
| 0.71 | FA | First Advantage Corp Financial Report 8th of May 2024 | PairCorr |
| 0.56 | ACU | Acme United | PairCorr |
The ability to find closely correlated positions to Barrett Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barrett Business 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 Barrett Business - 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 Barrett Business Services to buy it.
The correlation of Barrett Business 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 Barrett Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrett Business Services 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 Barrett Business 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.Check out Barrett Business Correlation, Barrett Business Volatility and Barrett Business Alpha and Beta module to complement your research on Barrett Business. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Barrett Stock analysis
When running Barrett Business' price analysis, check to measure Barrett Business' 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 Barrett Business is operating at the current time. Most of Barrett Business' value examination focuses on studying past and present price action to predict the probability of Barrett Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barrett Business' price. Additionally, you may evaluate how the addition of Barrett Business to your portfolios can decrease your overall portfolio volatility.
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Barrett Business technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.