Fonar Price Earnings Ratio from 2010 to 2024
| FONR Stock | USD 16.39 0.06 0.36% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 9.6999216 | Current Value 8.65 | Quarterly Volatility 4.57188701 |
Check Fonar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fonar's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.4 M, Interest Expense of 73.1 K or Selling General Administrative of 18.8 M, as well as many indicators such as Price To Sales Ratio of 0.95, Dividend Yield of 0.0027 or PTB Ratio of 0.59. Fonar financial statements analysis is a perfect complement when working with Fonar Valuation or Volatility modules.
Fonar | Price Earnings Ratio |
Latest Fonar's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of Fonar over the last few years. It is Fonar's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fonar's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
|
Price Earnings Ratio |
| Timeline |
Fonar Price Earnings Ratio Regression Statistics
| Arithmetic Mean | 6.85 | |
| Coefficient Of Variation | 66.77 | |
| Mean Deviation | 2.93 | |
| Median | 7.86 | |
| Standard Deviation | 4.57 | |
| Sample Variance | 20.90 | |
| Range | 19.354 | |
| R-Value | 0.67 | |
| Mean Square Error | 12.33 | |
| R-Squared | 0.45 | |
| Significance | 0.01 | |
| Slope | 0.69 | |
| Total Sum of Squares | 292.63 |
Fonar Price Earnings Ratio History
About Fonar Financial Statements
Fonar shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Fonar investors may analyze each financial statement separately, they are all interrelated. The changes in Fonar's assets and liabilities, for example, are also reflected in the revenues and expenses on on Fonar's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price Earnings Ratio | 9.70 | 8.65 |
Pair Trading with Fonar
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 Fonar 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 Fonar will appreciate offsetting losses from the drop in the long position's value.Moving together with Fonar Stock
Moving against Fonar Stock
| 0.68 | MD | Mednax Inc | PairCorr |
| 0.56 | ELMD | Electromed | PairCorr |
| 0.46 | DOCS | Doximity Sell-off Trend | PairCorr |
| 0.37 | VREX | Varex Imaging Corp | PairCorr |
| 0.31 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Fonar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fonar 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 Fonar - 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 Fonar to buy it.
The correlation of Fonar 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 Fonar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fonar 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 Fonar 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 Fonar Stock Analysis
When running Fonar's price analysis, check to measure Fonar'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 Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.