Wrap Price To Book Ratio from 2010 to 2024

WRAP Stock  USD 1.62  0.05  3.18%   
Wrap Technologies Price To Book Ratio yearly trend continues to be relatively stable with very little volatility. Price To Book Ratio is likely to drop to 38.96. 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
41.48118527
Current Value
38.96
Quarterly Volatility
84.35650601
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Wrap Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wrap Technologies' main balance sheet or income statement drivers, such as Interest Expense of 270.5 K, Selling General Administrative of 10 M or Total Revenue of 3.7 M, as well as many indicators such as Price To Sales Ratio of 20.32, Dividend Yield of 4.0E-4 or PTB Ratio of 38.96. Wrap financial statements analysis is a perfect complement when working with Wrap Technologies Valuation or Volatility modules.
  
Check out the analysis of Wrap Technologies Correlation against competitors.
To learn how to invest in Wrap Stock, please use our How to Invest in Wrap Technologies guide.

Latest Wrap Technologies' Price To Book Ratio Growth Pattern

Below is the plot of the Price To Book Ratio of Wrap Technologies 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. Wrap Technologies' Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Wrap Technologies' 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  

Wrap Price To Book Ratio Regression Statistics

Arithmetic Mean93.24
Geometric Mean38.86
Coefficient Of Variation90.47
Mean Deviation80.40
Median41.48
Standard Deviation84.36
Sample Variance7,116
Range177
R-Value(0.84)
Mean Square Error2,253
R-Squared0.71
Significance0.000088
Slope(15.85)
Total Sum of Squares99,624

Wrap Price To Book Ratio History

2024 38.96
2023 41.48
2022 2.57
2021 3.74
2020 3.52
2019 9.54
2018 5.99

About Wrap Technologies Financial Statements

Wrap Technologies 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 Wrap Technologies investors may analyze each financial statement separately, they are all interrelated. The changes in Wrap Technologies' assets and liabilities, for example, are also reflected in the revenues and expenses on on Wrap Technologies' 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 41.48  38.96 

Pair Trading with Wrap Technologies

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

Moving against Wrap Stock

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

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