Biotricity Price To Sales Ratio from 2010 to 2024

BTCY Stock  USD 1.20  0.14  10.45%   
Biotricity Price To Sales Ratio yearly trend continues to be fairly stable with very little volatility. Price To Sales Ratio will likely drop to 0.46 in 2024. Price To Sales Ratio 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. View All Fundamentals
 
Price To Sales Ratio  
First Reported
2010-12-31
Previous Quarter
0.48
Current Value
0.46
Quarterly Volatility
5.53398042
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Biotricity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Biotricity main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.5 K, Interest Expense of 2 M or Selling General Administrative of 21.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.46, Dividend Yield of 0.22 or Days Sales Outstanding of 74.99. Biotricity financial statements analysis is a perfect complement when working with Biotricity Valuation or Volatility modules.
  
This module can also supplement Biotricity's financial leverage analysis and stock options assessment as well as various Biotricity Technical models . Check out the analysis of Biotricity Correlation against competitors.
For more information on how to buy Biotricity Stock please use our How to Invest in Biotricity guide.

Latest Biotricity's Price To Sales Ratio Growth Pattern

Below is the plot of the Price To Sales Ratio of Biotricity over the last few years. Price to Sales Ratio is figured by comparing Biotricity stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Biotricity sales, a figure that is much harder to manipulate than other Biotricity 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. Biotricity's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Biotricity's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.94 X10 Years Trend
Slightly volatile
   Price To Sales Ratio   
       Timeline  

Biotricity Price To Sales Ratio Regression Statistics

Arithmetic Mean8.44
Geometric Mean5.02
Coefficient Of Variation65.59
Mean Deviation5.13
Median12.71
Standard Deviation5.53
Sample Variance30.62
Range12.2945
R-Value(0.88)
Mean Square Error7.51
R-Squared0.77
Significance0.000016
Slope(1.09)
Total Sum of Squares428.75

Biotricity Price To Sales Ratio History

2024 0.46
2023 0.48
2022 0.42
2021 2.25
2020 4.43
2019 4.12

About Biotricity Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Biotricity income statement, its balance sheet, and the statement of cash flows. Biotricity investors use historical funamental indicators, such as Biotricity's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Biotricity investors may use each financial statement separately, they are all related. The changes in Biotricity's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Biotricity'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 Biotricity Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Biotricity. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Price To Sales Ratio 0.48  0.46 

Pair Trading with Biotricity

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

Moving together with Biotricity Stock

  0.62EHAB Enhabit Financial Report 14th of May 2024 PairCorr
  0.68COO Cooper Companies Financial Report 6th of June 2024 PairCorr

Moving against Biotricity Stock

  0.77FIGS Figs Inc Financial Report 2nd of May 2024 PairCorr
  0.74LUCY Innovative EyewearPairCorr
  0.74MMSI Merit Medical Systems Financial Report 24th of April 2024 PairCorr
  0.62INNV InnovAge Holding Corp Financial Report 14th of May 2024 PairCorr
  0.58AGL agilon health Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Biotricity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biotricity 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 Biotricity - 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 Biotricity to buy it.
The correlation of Biotricity 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 Biotricity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biotricity 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 Biotricity 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
When determining whether Biotricity offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biotricity's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Biotricity Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Biotricity Stock:
Check out the analysis of Biotricity Correlation against competitors.
For more information on how to buy Biotricity Stock please use our How to Invest in Biotricity guide.
Note that the Biotricity information on this page should be used as a complementary analysis to other Biotricity'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Biotricity Stock analysis

When running Biotricity's price analysis, check to measure Biotricity'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 Biotricity is operating at the current time. Most of Biotricity's value examination focuses on studying past and present price action to predict the probability of Biotricity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotricity's price. Additionally, you may evaluate how the addition of Biotricity to your portfolios can decrease your overall portfolio volatility.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Is Biotricity'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 Biotricity. If investors know Biotricity 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 Biotricity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.75)
Revenue Per Share
1.319
Quarterly Revenue Growth
0.209
Return On Assets
(0.95)
Return On Equity
(41.01)
The market value of Biotricity is measured differently than its book value, which is the value of Biotricity that is recorded on the company's balance sheet. Investors also form their own opinion of Biotricity's value that differs from its market value or its book value, called intrinsic value, which is Biotricity'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 Biotricity's market value can be influenced by many factors that don't directly affect Biotricity'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 Biotricity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biotricity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biotricity'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.