ODP Book Value Per Share from 2010 to 2024
ODP Stock | USD 31.11 0.05 0.16% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter 24.13 | Current Value 34.77 | Quarterly Volatility 2.81332449 |
Check ODP Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ODP Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 173.1 M, Interest Expense of 19 M or Total Revenue of 9.9 B, as well as many indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0116 or PTB Ratio of 2.18. ODP financial statements analysis is a perfect complement when working with ODP Corp Valuation or Volatility modules.
ODP | Book Value Per Share |
Latest ODP Corp's Book Value Per Share Growth Pattern
Below is the plot of the Book Value Per Share of ODP Corp over the last few years. It is the ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements. ODP Corp's Book Value Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ODP Corp's overall financial position and show how it may be relating to other accounts over time.
View | Last Reported 26.02 X | 10 Years Trend |
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Book Value Per Share |
Timeline |
ODP Book Value Per Share Regression Statistics
Arithmetic Mean | 28.05 | |
Geometric Mean | 27.93 | |
Coefficient Of Variation | 10.03 | |
Mean Deviation | 1.86 | |
Median | 27.13 | |
Standard Deviation | 2.81 | |
Sample Variance | 7.91 | |
Range | 10.64 | |
R-Value | 0.13 | |
Mean Square Error | 8.39 | |
R-Squared | 0.02 | |
Significance | 0.66 | |
Slope | 0.08 | |
Total Sum of Squares | 110.81 |
ODP Book Value Per Share History
Other Fundumenentals of ODP Corp
ODP Corp Book Value Per Share component correlations
Click cells to compare fundamentals
About ODP Corp Financial Statements
ODP Corp shareholders use historical fundamental indicators, such as Book Value Per Share, to determine how well the company is positioned to perform in the future. Although ODP Corp investors may analyze each financial statement separately, they are all interrelated. The changes in ODP Corp's assets and liabilities, for example, are also reflected in the revenues and expenses on on ODP Corp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last Reported | Projected for Next Year | ||
Book Value Per Share | 24.13 | 34.77 | |
Tangible Book Value Per Share | 18.62 | 34.66 |
Pair Trading with ODP 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 ODP 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 ODP Corp will appreciate offsetting losses from the drop in the long position's value.Moving against ODP Stock
The ability to find closely correlated positions to ODP 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 ODP 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 ODP 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 ODP Corp to buy it.
The correlation of ODP 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 ODP Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ODP 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 ODP 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.Additional Tools for ODP Stock Analysis
When running ODP Corp's price analysis, check to measure ODP 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 ODP Corp is operating at the current time. Most of ODP Corp's value examination focuses on studying past and present price action to predict the probability of ODP 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 ODP Corp's price. Additionally, you may evaluate how the addition of ODP Corp to your portfolios can decrease your overall portfolio volatility.