Tootsie Price To Book Ratio from 2010 to 2024

TR Stock  USD 32.92  0.31  0.93%   
Tootsie Roll Price To Book Ratio yearly trend continues to be relatively stable with very little volatility. Price To Book Ratio is likely to grow to 3.61 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
2.81862309
Current Value
3.61
Quarterly Volatility
1.13324806
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Tootsie Roll financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tootsie Roll's main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.8 M, Interest Expense of 353.9 K or Total Revenue of 451.1 M, as well as many indicators such as Price To Sales Ratio of 2.74, Dividend Yield of 0.0076 or PTB Ratio of 3.61. Tootsie financial statements analysis is a perfect complement when working with Tootsie Roll Valuation or Volatility modules.
  
Check out the analysis of Tootsie Roll Correlation against competitors.

Latest Tootsie Roll's Price To Book Ratio Growth Pattern

Below is the plot of the Price To Book Ratio of Tootsie Roll Industries 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. Tootsie Roll's Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Tootsie Roll's overall financial position and show how it may be relating to other accounts over time.
Price To Book Ratio10 Years Trend
Pretty Stable
   Price To Book Ratio   
       Timeline  

Tootsie Price To Book Ratio Regression Statistics

Arithmetic Mean3.15
Geometric Mean3.02
Coefficient Of Variation35.95
Mean Deviation0.67
Median2.82
Standard Deviation1.13
Sample Variance1.28
Range4.8948
R-Value(0.13)
Mean Square Error1.36
R-Squared0.02
Significance0.65
Slope(0.03)
Total Sum of Squares17.98

Tootsie Price To Book Ratio History

2024 3.61
2023 2.82
2022 3.74
2021 3.18
2020 2.59
2019 2.94

About Tootsie Roll Financial Statements

Tootsie Roll 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 Tootsie Roll investors may analyze each financial statement separately, they are all interrelated. The changes in Tootsie Roll's assets and liabilities, for example, are also reflected in the revenues and expenses on on Tootsie Roll'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 2.82  3.61 

Pair Trading with Tootsie Roll

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 Tootsie Roll 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 Tootsie Roll will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tootsie Stock

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Moving against Tootsie Stock

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The ability to find closely correlated positions to Tootsie Roll could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tootsie Roll 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 Tootsie Roll - 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 Tootsie Roll Industries to buy it.
The correlation of Tootsie Roll 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 Tootsie Roll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tootsie Roll Industries 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 Tootsie Roll 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 Tootsie Stock Analysis

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