Bridgford Ebitda vs Ebit Analysis
BRID Stock | USD 10.50 0.28 2.60% |
Bridgford Foods financial indicator trend analysis is way more than just evaluating Bridgford Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bridgford Foods is a good investment. Please check the relationship between Bridgford Foods Ebitda and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridgford Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.
Ebitda vs Ebit
Ebitda vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bridgford Foods Ebitda account and Ebit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bridgford Foods' Ebitda and Ebit is 0.94. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Ebit in the same time period over historical financial statements of Bridgford Foods, assuming nothing else is changed. The correlation between historical values of Bridgford Foods' Ebitda and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Bridgford Foods are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Ebitda i.e., Bridgford Foods' Ebitda and Ebit go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebitda
Ebit
Most indicators from Bridgford Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bridgford Foods 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 Bridgford Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.The current year's Enterprise Value is expected to grow to about 71.3 M, whereas Selling General Administrative is forecasted to decline to about 38.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 72.1M | 70.4M | 80.9M | 49.0M | Total Revenue | 265.9M | 251.6M | 289.4M | 145.5M |
Bridgford Foods fundamental ratios Correlations
Click cells to compare fundamentals
Bridgford Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bridgford Foods fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 155.3M | 156.8M | 176.3M | 167.0M | 192.0M | 201.7M | |
Short Long Term Debt Total | 30.6M | 38.1M | 9.7M | 7.5M | 8.6M | 7.6M | |
Other Current Liab | 9.4M | 10.0M | 10.8M | 8.5M | 9.8M | 8.8M | |
Total Current Liabilities | 26.2M | 25.6M | 26.9M | 18.0M | 20.7M | 15.1M | |
Total Stockholder Equity | 71.2M | 75.0M | 126.3M | 129.5M | 149.0M | 156.4M | |
Property Plant And Equipment Net | 73.3M | 72.9M | 71.8M | 67.5M | 77.6M | 81.5M | |
Net Debt | 26.3M | 39.0M | (6.6M) | (8.2M) | (9.4M) | (9.9M) | |
Retained Earnings | 79.8M | 74.3M | 119.3M | 122.8M | 141.2M | 148.3M | |
Cash | 4.3M | (985K) | 16.3M | 15.7M | 18.1M | 9.8M | |
Cash And Short Term Investments | 4.3M | (985K) | 16.3M | 15.7M | 18.1M | 9.8M | |
Net Receivables | 33.3M | 30.5M | 35.7M | 30.8M | 35.4M | 37.1M | |
Liabilities And Stockholders Equity | 155.3M | 156.8M | 176.3M | 167.0M | 192.0M | 201.7M | |
Non Current Liabilities Total | 57.8M | 56.2M | 23.2M | 19.5M | 22.4M | 16.0M | |
Inventory | 29.3M | 36.8M | 40.5M | 40.6M | 46.7M | 49.0M | |
Other Current Assets | 1.8M | 3.9M | 321K | 2.6M | 2.3M | 1.5M | |
Total Liab | 84.0M | 81.8M | 50.0M | 37.5M | 43.1M | 30.2M | |
Property Plant And Equipment Gross | 73.3K | 137.4M | 142.8M | 140.9M | 162.0M | 170.1M | |
Total Current Assets | 68.8M | 70.3M | 92.9M | 87.5M | 100.6M | 105.6M | |
Accumulated Other Comprehensive Income | (25.9M) | (16.7M) | (10.4M) | (10.7M) | (9.6M) | (10.1M) | |
Short Term Debt | 4.9M | 1.6M | 2.3M | 2.2M | 2.6M | 1.4M | |
Accounts Payable | 10.5M | 12.4M | 13.7M | 7.2M | 8.3M | 6.0M | |
Non Currrent Assets Other | 10.9M | 13.6M | 2.6M | 3.7M | 4.2M | 4.0M | |
Other Liab | 24.9M | 33.1M | 20.2M | 15.8M | 18.2M | 18.8M | |
Other Assets | 16.3M | 13.2K | 13.6M | 11.6M | 13.3M | 15.2M | |
Property Plant Equipment | 54.3M | 73.3M | 72.9M | 71.8M | 82.6M | 86.7M | |
Net Tangible Assets | 66.5M | 71.2M | 75.0M | 126.3M | 145.3M | 152.5M | |
Long Term Debt | 24.7M | 36.0M | 3.8M | 2.8M | 3.2M | 3.0M | |
Short Long Term Debt | 4.4M | 1.1M | 1.1M | 1.0M | 1.2M | 1.5M | |
Capital Lease Obligations | 1.5M | 985K | 4.8M | 3.7M | 4.2M | 4.4M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bridgford Foods in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bridgford Foods' short interest history, or implied volatility extrapolated from Bridgford Foods options trading.
Pair Trading with Bridgford Foods
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 Bridgford Foods 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 Bridgford Foods will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bridgford Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridgford Foods 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 Bridgford Foods - 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 Bridgford Foods to buy it.
The correlation of Bridgford Foods 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 Bridgford Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridgford Foods 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 Bridgford Foods 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridgford Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Bridgford Stock refer to our How to Trade Bridgford Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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When running Bridgford Foods' price analysis, check to measure Bridgford Foods' 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 Bridgford Foods is operating at the current time. Most of Bridgford Foods' value examination focuses on studying past and present price action to predict the probability of Bridgford Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridgford Foods' price. Additionally, you may evaluate how the addition of Bridgford Foods to your portfolios can decrease your overall portfolio volatility.
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Is Bridgford Foods' 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 Bridgford Foods. If investors know Bridgford 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 Bridgford Foods 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 0.325 | Earnings Share 0.42 | Revenue Per Share 26.976 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0168 |
The market value of Bridgford Foods is measured differently than its book value, which is the value of Bridgford that is recorded on the company's balance sheet. Investors also form their own opinion of Bridgford Foods' value that differs from its market value or its book value, called intrinsic value, which is Bridgford Foods' 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 Bridgford Foods' market value can be influenced by many factors that don't directly affect Bridgford Foods' 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 Bridgford Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bridgford Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bridgford Foods' 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.