Biotricity Balance Sheet Analysis From 2010 to 2024
BTCY Stock | USD 1.35 0.13 8.78% |
Biotricity |
Most indicators from Biotricity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biotricity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Biotricity Valuation and Biotricity Correlation analysis. For more information on how to buy Biotricity Stock please use our How to Invest in Biotricity guide.At this time, Biotricity's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 11.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 2.2 M in 2024.
Biotricity fundamental ratios Correlations
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Biotricity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Biotricity fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0M | 4.4M | 16.7M | 6.5M | 7.5M | 7.9M | |
Other Current Liab | 427.6K | 3.6M | 520.7K | 1.0M | 1.2M | 977.3K | |
Net Debt | 1.4M | 2.5M | 3.3M | 19.0M | 21.8M | 22.9M | |
Retained Earnings | (46.4M) | (62.8M) | (93.0M) | (112.6M) | (101.3M) | (96.2M) | |
Accounts Payable | 1.1M | 1.0M | 1.2M | 3.4M | 4.0M | 4.1M | |
Cash | 949.8K | 2.2M | 12.1M | 570.5K | 656.0K | 623.2K | |
Net Receivables | 623.3K | 1.8M | 2.4M | 1.8M | 2.1M | 2.2M | |
Total Liab | 5.0M | 11.3M | 18.8M | 26.4M | 30.3M | 31.8M | |
Total Current Assets | 1.7M | 4.3M | 15.3M | 4.7M | 5.4M | 3.2M | |
Short Term Debt | 2.3M | 4.3M | 1.8M | 5.1M | 5.9M | 6.2M | |
Common Stock | 36.4K | 39.0K | 51.3K | 52.5K | 60.4K | 33.8K | |
Net Tangible Assets | (1.8M) | (3.0M) | (6.8M) | (2.1M) | (1.9M) | (2.0M) | |
Inventory | 85.7K | 272.5K | 842.9K | 2.3M | 2.7M | 2.8M | |
Other Current Assets | 137.1K | 326.7K | 406.3K | 588.6K | 676.9K | 710.7K | |
Short Long Term Debt | 2.1M | 4.3M | 1.5M | 4.8M | 5.5M | 5.8M | |
Net Invested Capital | (932.1K) | (2.2M) | 11.9M | (2.0M) | (2.3M) | (2.2M) | |
Net Working Capital | (2.1M) | (6.2M) | 10.5M | (6.4M) | (5.8M) | (5.5M) | |
Capital Stock | 36.4K | 39.0K | 51.3K | 52.5K | 60.4K | 47.2K |
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 Biotricity 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, Biotricity's short interest history, or implied volatility extrapolated from Biotricity options trading.
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
0.79 | ELMD | Electromed | PairCorr |
Moving against Biotricity Stock
0.78 | IVP | Inspire Veterinary | PairCorr |
0.73 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
0.7 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
0.6 | AHG | Akso Health Group | PairCorr |
0.52 | DYNT | Dynatronics Financial Report 9th 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.Check out Biotricity Valuation and Biotricity Correlation analysis. 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.
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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.