BIOLASE Return on Average Assets from 2010 to 2024
| BIOL Stock | USD 0.15 0.01 7.14% |
Check BIOLASE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BIOLASE main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.9 M, Interest Expense of 4 M or Selling General Administrative of 13.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0277, Dividend Yield of 0.0412 or Days Sales Outstanding of 47.34. BIOLASE financial statements analysis is a perfect complement when working with BIOLASE Valuation or Volatility modules.
BIOLASE | Return on Average Assets |
About BIOLASE Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include BIOLASE income statement, its balance sheet, and the statement of cash flows. BIOLASE investors use historical funamental indicators, such as BIOLASE's Return on Average Assets, to determine how well the company is positioned to perform in the future. Although BIOLASE investors may use each financial statement separately, they are all related. The changes in BIOLASE's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on BIOLASE'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 BIOLASE Financial Statements. Understanding these patterns can help to make the right decision on long term investment in BIOLASE. Please read more on our technical analysis and fundamental analysis pages.
BIOLASE, Inc., together with its subsidiaries, develops, manufactures, markets, and sells laser systems for dental practitioners and their patients in the United States and internationally. BIOLASE, Inc. was founded in 1984 and is headquartered in Foothill Ranch, California. Biolase operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 158 people.
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 BIOLASE 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, BIOLASE's short interest history, or implied volatility extrapolated from BIOLASE options trading.
Pair Trading with BIOLASE
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 BIOLASE 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 BIOLASE will appreciate offsetting losses from the drop in the long position's value.Moving together with BIOLASE Stock
| 0.79 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
Moving against BIOLASE Stock
| 0.83 | ELMD | Electromed | PairCorr |
| 0.81 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
| 0.8 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.66 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.62 | VMD | Viemed Healthcare | PairCorr |
The ability to find closely correlated positions to BIOLASE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIOLASE 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 BIOLASE - 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 BIOLASE to buy it.
The correlation of BIOLASE 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 BIOLASE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIOLASE 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 BIOLASE 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 BIOLASE Correlation against competitors. For more information on how to buy BIOLASE Stock please use our How to buy in BIOLASE Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for BIOLASE Stock analysis
When running BIOLASE's price analysis, check to measure BIOLASE'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 BIOLASE is operating at the current time. Most of BIOLASE's value examination focuses on studying past and present price action to predict the probability of BIOLASE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BIOLASE's price. Additionally, you may evaluate how the addition of BIOLASE to your portfolios can decrease your overall portfolio volatility.
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Is BIOLASE'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 BIOLASE. If investors know BIOLASE 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 BIOLASE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (29.44) | Revenue Per Share 38.469 | Quarterly Revenue Growth (0.04) | Return On Assets (0.29) | Return On Equity (6.03) |
The market value of BIOLASE is measured differently than its book value, which is the value of BIOLASE that is recorded on the company's balance sheet. Investors also form their own opinion of BIOLASE's value that differs from its market value or its book value, called intrinsic value, which is BIOLASE'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 BIOLASE's market value can be influenced by many factors that don't directly affect BIOLASE'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 BIOLASE's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIOLASE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIOLASE'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.