FingerMotion Ptb Ratio from 2010 to 2024

FNGR Stock  USD 1.97  0.01  0.51%   
FingerMotion PTB Ratio yearly trend continues to be relatively stable with very little volatility. PTB Ratio is likely to grow to 12.08 this year. PTB Ratio is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on FingerMotion's equity relative to its net asset value. View All Fundamentals
 
PTB Ratio  
First Reported
2010-12-31
Previous Quarter
11.50770441
Current Value
12.08
Quarterly Volatility
205.80059015
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check FingerMotion financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FingerMotion's main balance sheet or income statement drivers, such as Interest Expense of 118.9 K, Selling General Administrative of 7.1 M or Total Revenue of 37.6 M, as well as many indicators such as Price To Sales Ratio of 3.7, Dividend Yield of 0.0 or PTB Ratio of 12.08. FingerMotion financial statements analysis is a perfect complement when working with FingerMotion Valuation or Volatility modules.
  
Check out the analysis of FingerMotion Correlation against competitors.
To learn how to invest in FingerMotion Stock, please use our How to Invest in FingerMotion guide.

Latest FingerMotion's Ptb Ratio Growth Pattern

Below is the plot of the Ptb Ratio of FingerMotion over the last few years. It is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value. FingerMotion's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in FingerMotion's overall financial position and show how it may be relating to other accounts over time.
Ptb Ratio10 Years Trend
Pretty Stable
   Ptb Ratio   
       Timeline  

FingerMotion Ptb Ratio Regression Statistics

Arithmetic Mean2.68
Geometric Mean22.23
Coefficient Of Variation7,676
Mean Deviation97.12
Median(3.03)
Standard Deviation205.80
Sample Variance42,354
Range947
R-Value0.14
Mean Square Error44,738
R-Squared0.02
Significance0.62
Slope6.37
Total Sum of Squares592,954

FingerMotion Ptb Ratio History

2024 12.08
2023 11.51
2022 4.89
2021 23.01
2019 199.96
2018 295.8
2017 -651.38

About FingerMotion Financial Statements

FingerMotion shareholders use historical fundamental indicators, such as Ptb Ratio, to determine how well the company is positioned to perform in the future. Although FingerMotion investors may analyze each financial statement separately, they are all interrelated. The changes in FingerMotion's assets and liabilities, for example, are also reflected in the revenues and expenses on on FingerMotion'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
PTB Ratio 11.51  12.08 

Pair Trading with FingerMotion

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

Moving against FingerMotion Stock

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

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