Biovie Total Assets from 2010 to 2024
| BIVI Stock | USD 0.48 0.01 2.04% |
Total Assets | First Reported 2013-09-30 | Previous Quarter 23.8 M | Current Value 21.5 M | Quarterly Volatility 12.8 M |
Check Biovie financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Biovie main balance sheet or income statement drivers, such as Depreciation And Amortization of 189.7 K, Interest Expense of 5.2 M or Selling General Administrative of 13.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 8.62. Biovie financial statements analysis is a perfect complement when working with Biovie Valuation or Volatility modules.
Biovie | Total Assets |
Latest Biovie's Total Assets Growth Pattern
Below is the plot of the Total Assets of Biovie Inc over the last few years. Total assets refers to the total amount of Biovie assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Biovie Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Biovie's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Biovie's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 35.1 M | 10 Years Trend |
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Total Assets |
| Timeline |
Biovie Total Assets Regression Statistics
| Arithmetic Mean | 10,537,469 | |
| Geometric Mean | 2,841,585 | |
| Coefficient Of Variation | 149.28 | |
| Mean Deviation | 12,777,180 | |
| Median | 2,364,209 | |
| Standard Deviation | 15,730,228 | |
| Sample Variance | 247.4T | |
| Range | 42.1M | |
| R-Value | 0.81 | |
| Mean Square Error | 90.3T | |
| R-Squared | 0.66 | |
| Significance | 0.0002 | |
| Slope | 2,859,874 | |
| Total Sum of Squares | 3464.2T |
Biovie Total Assets History
Other Fundumenentals of Biovie Inc
Biovie Total Assets component correlations
Click cells to compare fundamentals
About Biovie Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Biovie income statement, its balance sheet, and the statement of cash flows. Biovie investors use historical funamental indicators, such as Biovie's Total Assets, to determine how well the company is positioned to perform in the future. Although Biovie investors may use each financial statement separately, they are all related. The changes in Biovie's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Biovie'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 Biovie Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Biovie. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Assets | 40.4 M | 42.4 M | |
| Intangibles To Total Assets | 0.03 | 0.03 |
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 Biovie 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, Biovie's short interest history, or implied volatility extrapolated from Biovie options trading.
Pair Trading with Biovie
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 Biovie 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 Biovie will appreciate offsetting losses from the drop in the long position's value.Moving together with Biovie Stock
| 0.64 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
Moving against Biovie Stock
| 0.69 | ANIP | ANI Pharmaceuticals Financial Report 13th of May 2024 | PairCorr |
| 0.68 | AVTE | Aerovate Therapeutics Financial Report 20th of May 2024 | PairCorr |
| 0.62 | SUPN | Supernus Pharmaceuticals Financial Report 14th of May 2024 | PairCorr |
| 0.6 | OPT | Opthea | PairCorr |
| 0.44 | ELYM | Eliem Therapeutics | PairCorr |
The ability to find closely correlated positions to Biovie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biovie 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 Biovie - 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 Biovie Inc to buy it.
The correlation of Biovie 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 Biovie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biovie Inc 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 Biovie 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 Biovie Correlation against competitors. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Biovie Stock analysis
When running Biovie's price analysis, check to measure Biovie'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 Biovie is operating at the current time. Most of Biovie's value examination focuses on studying past and present price action to predict the probability of Biovie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biovie's price. Additionally, you may evaluate how the addition of Biovie to your portfolios can decrease your overall portfolio volatility.
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Is Biovie'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 Biovie. If investors know Biovie 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 Biovie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.17) | Return On Assets (0.81) | Return On Equity (2.58) |
The market value of Biovie Inc is measured differently than its book value, which is the value of Biovie that is recorded on the company's balance sheet. Investors also form their own opinion of Biovie's value that differs from its market value or its book value, called intrinsic value, which is Biovie'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 Biovie's market value can be influenced by many factors that don't directly affect Biovie'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 Biovie's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biovie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biovie'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.