Inspire Price To Book Ratio from 2010 to 2024

IVP Stock   0.19  0.01  5.56%   
Inspire Veterinary Price To Book Ratio yearly trend continues to be relatively stable with very little volatility. Price To Book Ratio is likely to grow to -2.78 this year. Price To Book Ratio is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share. View All Fundamentals
 
Price To Book Ratio  
First Reported
2010-12-31
Previous Quarter
(2.93)
Current Value
(2.78)
Quarterly Volatility
281.29049735
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Inspire Veterinary financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Inspire Veterinary's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.5 M, Selling General Administrative of 10 M or Other Operating Expenses of 25.1 M, as well as many indicators such as Price To Sales Ratio of 0.13, Dividend Yield of 0.0 or Days Sales Outstanding of 4.43. Inspire financial statements analysis is a perfect complement when working with Inspire Veterinary Valuation or Volatility modules.
  
Check out the analysis of Inspire Veterinary Correlation against competitors.

Latest Inspire Veterinary's Price To Book Ratio Growth Pattern

Below is the plot of the Price To Book Ratio of Inspire Veterinary Partners, over the last few years. It is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Inspire Veterinary's Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Inspire Veterinary's overall financial position and show how it may be relating to other accounts over time.
Price To Book Ratio10 Years Trend
Slightly volatile
   Price To Book Ratio   
       Timeline  

Inspire Price To Book Ratio Regression Statistics

Arithmetic Mean437.50
Geometric Mean182.01
Coefficient Of Variation64.30
Mean Deviation240.24
Median601.30
Standard Deviation281.29
Sample Variance79,124
Range641
R-Value(0.76)
Mean Square Error35,462
R-Squared0.58
Significance0.0009
Slope(48.06)
Total Sum of Squares1.1M

Inspire Price To Book Ratio History

2024 -2.78
2023 -2.93
2022 -6.68
2021 -39.47

About Inspire Veterinary Financial Statements

Inspire Veterinary shareholders use historical fundamental indicators, such as Price To Book Ratio, to determine how well the company is positioned to perform in the future. Although Inspire Veterinary investors may analyze each financial statement separately, they are all interrelated. The changes in Inspire Veterinary's assets and liabilities, for example, are also reflected in the revenues and expenses on on Inspire Veterinary's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Price To Book Ratio(2.93)(2.78)

Pair Trading with Inspire Veterinary

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 Inspire Veterinary 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 Inspire Veterinary will appreciate offsetting losses from the drop in the long position's value.

Moving against Inspire Stock

  0.71MD Mednax IncPairCorr
  0.69ECOR Electrocore LLCPairCorr
  0.68ELMD ElectromedPairCorr
  0.59VREX Varex Imaging CorpPairCorr
  0.54DOCS DoximityPairCorr
The ability to find closely correlated positions to Inspire Veterinary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspire Veterinary 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 Inspire Veterinary - 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 Inspire Veterinary Partners, to buy it.
The correlation of Inspire Veterinary 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 Inspire Veterinary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspire Veterinary 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 Inspire Veterinary 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.
Pair CorrelationCorrelation Matching

Additional Tools for Inspire Stock Analysis

When running Inspire Veterinary's price analysis, check to measure Inspire Veterinary'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 Inspire Veterinary is operating at the current time. Most of Inspire Veterinary's value examination focuses on studying past and present price action to predict the probability of Inspire Veterinary's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inspire Veterinary's price. Additionally, you may evaluate how the addition of Inspire Veterinary to your portfolios can decrease your overall portfolio volatility.