Chemed Price To Sales Ratio from 2010 to 2024
| CHE Stock | USD 560.42 12.92 2.25% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 3.88642529 | Current Value 4.08 | Quarterly Volatility 1.3330019 |
Check Chemed Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chemed main balance sheet or income statement drivers, such as Depreciation And Amortization of 63.9 M, Interest Expense of 3.2 M or Selling General Administrative of 218.4 M, as well as many exotic indicators such as Price To Sales Ratio of 4.08, Dividend Yield of 0.0025 or PTB Ratio of 8.34. Chemed financial statements analysis is a perfect complement when working with Chemed Corp Valuation or Volatility modules.
Chemed | Price To Sales Ratio |
Latest Chemed Corp's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Chemed Corp over the last few years. Price to Sales Ratio is figured by comparing Chemed Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Chemed Corp sales, a figure that is much harder to manipulate than other Chemed Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Chemed Corp's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Chemed Corp's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 4.13 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Chemed Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 2.40 | |
| Geometric Mean | 2.01 | |
| Coefficient Of Variation | 55.53 | |
| Mean Deviation | 1.18 | |
| Median | 2.34 | |
| Standard Deviation | 1.33 | |
| Sample Variance | 1.78 | |
| Range | 3.3112 | |
| R-Value | 0.96 | |
| Mean Square Error | 0.15 | |
| R-Squared | 0.92 | |
| Slope | 0.29 | |
| Total Sum of Squares | 24.88 |
Chemed Price To Sales Ratio History
About Chemed Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Chemed Corp income statement, its balance sheet, and the statement of cash flows. Chemed Corp investors use historical funamental indicators, such as Chemed Corp's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Chemed Corp investors may use each financial statement separately, they are all related. The changes in Chemed Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chemed Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Chemed Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Chemed Corp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 3.89 | 4.08 |
Chemed Corp Investors Sentiment
The influence of Chemed Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Chemed. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Chemed Corp's public news can be used to forecast risks associated with an investment in Chemed. The trend in average sentiment can be used to explain how an investor holding Chemed can time the market purely based on public headlines and social activities around Chemed Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Chemed Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Chemed Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Chemed Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Chemed Corp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chemed Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chemed Corp's short interest history, or implied volatility extrapolated from Chemed Corp options trading.
Pair Trading with Chemed Corp
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 Chemed Corp 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 Chemed Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chemed Stock
| 0.69 | DRRX | Durect Earnings Call This Week | PairCorr |
Moving against Chemed Stock
| 0.62 | SBFMW | Sunshine Biopharma | PairCorr |
| 0.5 | TFX | Teleflex Incorporated Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Chemed Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemed Corp 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 Chemed Corp - 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 Chemed Corp to buy it.
The correlation of Chemed Corp 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 Chemed Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemed Corp 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 Chemed Corp 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.Check out the analysis of Chemed Corp Correlation against competitors. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Chemed Stock analysis
When running Chemed Corp's price analysis, check to measure Chemed Corp'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 Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chemed Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chemed Corp. If investors know Chemed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chemed Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.184 | Dividend Share 1.58 | Earnings Share 18.61 | Revenue Per Share 152 | Quarterly Revenue Growth 0.052 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.