Bioventus Total Assets vs Common Stock Total Equity Analysis

BVS Stock  USD 5.12  1.12  28.00%   
Bioventus financial indicator trend analysis is way more than just evaluating Bioventus prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bioventus is a good investment. Please check the relationship between Bioventus Total Assets and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bioventus. 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.
For more information on how to buy Bioventus Stock please use our How to Invest in Bioventus guide.

Total Assets vs Common Stock Total Equity

Total Assets vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bioventus Total Assets account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bioventus' Total Assets and Common Stock Total Equity is -0.66. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Bioventus, assuming nothing else is changed. The correlation between historical values of Bioventus' Total Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Bioventus are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Total Assets i.e., Bioventus' Total Assets and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Total Assets

Total assets refers to the total amount of Bioventus 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 Bioventus 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. 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.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Bioventus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bioventus 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 Bioventus. 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.
For more information on how to buy Bioventus Stock please use our How to Invest in Bioventus guide.Enterprise Value is likely to gain to about 1.2 B in 2024, whereas Discontinued Operations is likely to drop (2.2 M) in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense1.1M25.8M40.7M42.7M
Depreciation And Amortization34.9M66.8M57.4M41.5M

Bioventus fundamental ratios Correlations

0.760.880.790.80.50.87-0.150.83-0.730.780.240.7-0.290.240.83-0.34-0.670.770.870.750.90.790.970.820.64
0.760.910.730.940.860.860.170.89-0.220.90.130.99-0.480.130.870.11-0.660.980.860.930.820.970.60.820.61
0.880.910.790.920.650.94-0.010.97-0.510.930.160.87-0.420.160.93-0.12-0.650.930.980.890.870.930.780.890.68
0.790.730.790.840.330.71-0.490.79-0.60.910.020.71-0.810.020.69-0.59-0.570.830.810.510.690.840.670.630.62
0.80.940.920.840.650.890.040.86-0.420.940.260.9-0.610.260.91-0.15-0.550.970.890.810.830.980.650.880.72
0.50.860.650.330.650.620.440.670.190.58-0.050.89-0.13-0.050.60.53-0.670.740.560.890.630.720.370.540.39
0.870.860.940.710.890.620.090.89-0.470.820.260.8-0.320.260.89-0.09-0.670.850.940.870.860.870.810.890.68
-0.150.17-0.01-0.490.040.440.09-0.140.44-0.20.510.130.510.510.210.850.230.02-0.130.370.080.03-0.20.27-0.15
0.830.890.970.790.860.670.89-0.14-0.420.93-0.080.88-0.46-0.080.81-0.13-0.770.90.980.850.810.90.730.750.71
-0.73-0.22-0.51-0.6-0.420.19-0.470.44-0.42-0.45-0.38-0.110.19-0.38-0.540.730.14-0.32-0.55-0.17-0.54-0.35-0.78-0.56-0.43
0.780.90.930.910.940.580.82-0.20.93-0.450.040.88-0.710.040.84-0.27-0.60.960.920.750.760.960.630.770.69
0.240.130.160.020.26-0.050.260.51-0.08-0.380.040.00.161.00.50.020.450.140.070.190.270.180.220.59-0.09
0.70.990.870.710.90.890.80.130.88-0.110.880.0-0.510.00.790.15-0.710.960.810.90.770.950.530.720.6
-0.29-0.48-0.42-0.81-0.61-0.13-0.320.51-0.460.19-0.710.16-0.510.16-0.330.520.26-0.62-0.45-0.15-0.23-0.62-0.12-0.26-0.39
0.240.130.160.020.26-0.050.260.51-0.08-0.380.041.00.00.160.50.020.450.140.070.190.270.180.220.59-0.09
0.830.870.930.690.910.60.890.210.81-0.540.840.50.79-0.330.5-0.04-0.380.880.860.850.830.90.710.990.57
-0.340.11-0.12-0.59-0.150.53-0.090.85-0.130.73-0.270.020.150.520.02-0.040.06-0.06-0.230.31-0.12-0.09-0.38-0.04-0.23
-0.67-0.66-0.65-0.57-0.55-0.67-0.670.23-0.770.14-0.60.45-0.710.260.45-0.380.06-0.6-0.7-0.66-0.66-0.59-0.65-0.33-0.6
0.770.980.930.830.970.740.850.020.9-0.320.960.140.96-0.620.140.88-0.06-0.60.880.860.81.00.60.830.61
0.870.860.980.810.890.560.94-0.130.98-0.550.920.070.81-0.450.070.86-0.23-0.70.880.820.850.890.80.830.75
0.750.930.890.510.810.890.870.370.85-0.170.750.190.9-0.150.190.850.31-0.660.860.820.830.850.640.830.5
0.90.820.870.690.830.630.860.080.81-0.540.760.270.77-0.230.270.83-0.12-0.660.80.850.830.820.840.830.62
0.790.970.930.840.980.720.870.030.9-0.350.960.180.95-0.620.180.9-0.09-0.591.00.890.850.820.620.850.65
0.970.60.780.670.650.370.81-0.20.73-0.780.630.220.53-0.120.220.71-0.38-0.650.60.80.640.840.620.720.6
0.820.820.890.630.880.540.890.270.75-0.560.770.590.72-0.260.590.99-0.04-0.330.830.830.830.830.850.720.53
0.640.610.680.620.720.390.68-0.150.71-0.430.69-0.090.6-0.39-0.090.57-0.23-0.60.610.750.50.620.650.60.53
Click cells to compare fundamentals

Bioventus Account Relationship Matchups

Bioventus fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding56.8M56.8M59.5M61.4M62.6M63.5M
Total Assets472.4M494.5M1.2B1.4B810.9M788.8M
Short Long Term Debt Total198.0M188.4M357.7M418.1M409.5M292.3M
Other Current Liab15.6M3.9M3.6M233.4M115.8M121.6M
Total Current Liabilities89.0M122.6M180.9M304.0M175.5M148.1M
Total Stockholder Equity143.0M142.2M458.9M316.6M173.6M240.5M
Property Plant And Equipment Net19.8M21.8M40.2M45.0M50.0M27.7M
Current Deferred Revenue57.0M99.2M142.3M4.7M5.5M5.2M
Net Debt133.4M101.5M313.7M386.3M372.5M247.3M
Retained Earnings(141.7M)(144.5M)(6.6M)(165.3M)(321.5M)(305.5M)
Accounts Payable6.4M4.4M16.9M37.5M23.0M15.2M
Cash64.5M86.8M43.9M31.8M37.0M45.0M
Non Current Assets Total289.4M282.7M962.8M1.1B542.9M576.9M
Non Currrent Assets Other3.3M19.4M50M(154.0M)3.1M3.3M
Cash And Short Term Investments64.5M86.8M43.9M31.8M37.0M45.0M
Net Receivables85.1M88.3M125.0M136.6M123.0M100.7M
Liabilities And Stockholders Equity472.4M494.5M1.2B1.4B810.9M788.8M
Non Current Liabilities Total237.8M227.7M511.2M728.3M414.3M379.4M
Inventory27.3M29.1M61.7M85.4M91.3M52.8M
Other Current Assets6.1M7.6M27.2M18.7M16.7M12.7M
Other Stockholder Equity(168M)287.1M465.3M481.9M494.3M519.0M
Total Liab326.8M350.3M692.1M1.0B589.8M527.5M
Property Plant And Equipment Gross19.8M21.8M40.2M45.0M90.5M95.0M
Total Current Assets183.0M211.8M263.1M272.6M268.0M212.0M
Accumulated Other Comprehensive Income(465K)1.6M179K(110K)794K833.7K
Short Term Debt10M15M18.0M33.1M31.9M21.8M
Intangible Assets216.5M191.7M695.2M1.0B482.4M475.1M
Common Stock285.1M285.2M75K78K79K75.1K
Long Term Debt188.0M173.4M339.6M385.0M367.0M301.1M
Net Invested Capital340.9M330.6M816.6M734.6M568.4M574.1M
Long Term Investments3.3M19.4M29.3M2.6M3.0M2.9M
Short Long Term Debt10M15M18.0M33.1M27.8M20.0M
Capital Stock285.1M285.2M75K78K79K75.1K
Non Current Liabilities Other20.7M21.7M38.1M110.0M46.1M44.4M

Pair Trading with Bioventus

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

Moving together with Bioventus Stock

  0.66CVS CVS Health CorpPairCorr

Moving against Bioventus Stock

  0.64KIDS Orthopediatrics CorpPairCorr
  0.45ALHC Alignment Healthcare LLC TrendingPairCorr
The ability to find closely correlated positions to Bioventus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bioventus 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 Bioventus - 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 Bioventus to buy it.
The correlation of Bioventus 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 Bioventus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bioventus 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 Bioventus 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 Bioventus is a strong investment it is important to analyze Bioventus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bioventus' future performance. For an informed investment choice regarding Bioventus Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bioventus. 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.
For more information on how to buy Bioventus Stock please use our How to Invest in Bioventus guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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Is Bioventus' 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 Bioventus. If investors know Bioventus 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 Bioventus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.54)
Revenue Per Share
8.178
Quarterly Revenue Growth
0.076
Return On Assets
0.0012
Return On Equity
(0.38)
The market value of Bioventus is measured differently than its book value, which is the value of Bioventus that is recorded on the company's balance sheet. Investors also form their own opinion of Bioventus' value that differs from its market value or its book value, called intrinsic value, which is Bioventus' 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 Bioventus' market value can be influenced by many factors that don't directly affect Bioventus' 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 Bioventus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bioventus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bioventus' 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.