Biovie Current Ratio vs Net Income Analysis
BIVI Stock | USD 0.51 0.02 4.08% |
Biovie financial indicator trend analysis is way more than just evaluating Biovie Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Biovie Inc is a good investment. Please check the relationship between Biovie Current Ratio and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biovie Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Current Ratio vs Net Income
Current Ratio vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Biovie Inc Current Ratio account and Net Income. At this time, the significance of the direction appears to have very week relationship.
The correlation between Biovie's Current Ratio and Net Income is 0.22. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Net Income in the same time period over historical financial statements of Biovie Inc, assuming nothing else is changed. The correlation between historical values of Biovie's Current Ratio and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Biovie Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Current Ratio i.e., Biovie's Current Ratio and Net Income go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Biovie Inc financial statement analysis. It represents the amount of money remaining after all of Biovie Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Biovie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Biovie Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Biovie Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. As of now, Biovie's Selling General Administrative is increasing as compared to previous years. The Biovie's current Issuance Of Capital Stock is estimated to increase to about 66.9 M, while Enterprise Value Over EBITDA is projected to decrease to (2.88).
2021 | 2023 | 2024 (projected) | Interest Expense | 2.2M | 4.9M | 5.2M | Depreciation And Amortization | 273.5K | 263.8K | 189.7K |
Biovie fundamental ratios Correlations
Click cells to compare fundamentals
Biovie Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Biovie fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1M | 6.0M | 20.1M | 35.1M | 40.4M | 42.4M | |
Total Current Liabilities | 23.5M | 996.4K | 4.2M | 14.5M | 16.7M | 17.5M | |
Total Stockholder Equity | (21.5M) | 5.1M | 3.7M | 15.3M | 17.6M | 18.5M | |
Net Debt | 873.8K | (4.5M) | (6.4M) | (5.0M) | (4.5M) | (4.3M) | |
Retained Earnings | (41.0M) | (224.9M) | (251.0M) | (301.2M) | (271.1M) | (257.5M) | |
Accounts Payable | 1.3M | 996.4K | 2.4K | 3.5K | 4.0K | 3.8K | |
Cash | 37.2K | 4.5M | 18.6M | 19.5M | 22.4M | 23.5M | |
Cash And Short Term Investments | 37.2K | 4.5M | 18.6M | 33.9M | 39.0M | 41.0M | |
Common Stock Total Equity | 50.7K | 520.0 | 2.2K | 2.5K | 2.2K | 2.1K | |
Liabilities And Stockholders Equity | 2.1M | 6.0M | 20.1M | 35.1M | 40.4M | 42.4M | |
Non Current Liabilities Total | 62.5K | 0.0 | 12.3M | 5.3M | 6.1M | 6.4M | |
Other Stockholder Equity | 19.5M | 229.9M | 254.6M | 316.4M | 363.8M | 382.0M | |
Total Liab | 23.6M | 996.4K | 16.4M | 19.8M | 22.7M | 23.9M | |
Total Current Assets | 413.0K | 4.6M | 18.8M | 34.0M | 39.1M | 41.1M | |
Common Stock | 520.0 | 2.2K | 2.5K | 3.6K | 3.3K | 3.1K | |
Other Current Liab | 21.4M | 996.4K | 4.1M | 5.3M | 6.1M | 3.7M | |
Net Tangible Assets | (23.2M) | 3.6M | 2.5M | 14.4M | 16.5M | 17.3M | |
Common Stock Shares Outstanding | 4.9M | 12.4M | 24.7M | 32.5M | 37.4M | 39.2M | |
Non Current Assets Total | 1.7M | 1.4M | 1.3M | 1.1M | 957.2K | 1.3M | |
Other Current Assets | 375.8K | 93.5K | 137.9K | 102.5K | 117.9K | 128.7K | |
Intangible Assets | 1.3M | 1.1M | 866.5K | 637.1K | 573.4K | 1.0M | |
Net Invested Capital | (20.6M) | 5.1M | 15.8M | 29.7M | 34.1M | 35.8M | |
Net Working Capital | (23.1M) | 3.6M | 14.6M | 19.5M | 22.5M | 23.6M | |
Capital Stock | 520.0 | 2.2K | 2.5K | 3.6K | 3.3K | 3.1K |
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 against Biovie Stock
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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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Biovie Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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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.