BIO Return On Tangible Assets from 2010 to 2024
| BKYI Stock | USD 1.75 0.17 10.76% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter (0.96) | Current Value (1.00) | Quarterly Volatility 1.56934317 |
Check BIO Key financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BIO main balance sheet or income statement drivers, such as Interest Expense of 157.9 K, Selling General Administrative of 5.1 M or Total Revenue of 5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.74, Ptb Ratio of 0.63 or Book Value Per Share of 14.82. BIO financial statements analysis is a perfect complement when working with BIO Key Valuation or Volatility modules.
BIO | Return On Tangible Assets |
Latest BIO Key's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of BIO Key International over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. BIO Key's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in BIO Key's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
BIO Return On Tangible Assets Regression Statistics
| Arithmetic Mean | (1.32) | |
| Geometric Mean | 0.65 | |
| Coefficient Of Variation | (118.97) | |
| Mean Deviation | 0.96 | |
| Median | (0.99) | |
| Standard Deviation | 1.57 | |
| Sample Variance | 2.46 | |
| Range | 6.4628 | |
| R-Value | 0.01 | |
| Mean Square Error | 2.65 | |
| R-Squared | 0.0002 | |
| Significance | 0.96 | |
| Slope | 0.01 | |
| Total Sum of Squares | 34.48 |
BIO Return On Tangible Assets History
About BIO Key Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include BIO Key income statement, its balance sheet, and the statement of cash flows. BIO Key investors use historical funamental indicators, such as BIO Key's Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although BIO Key investors may use each financial statement separately, they are all related. The changes in BIO Key's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on BIO Key'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 BIO Key Financial Statements. Understanding these patterns can help to make the right decision on long term investment in BIO Key. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.96) | (1.00) |
Pair Trading with BIO Key
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 BIO Key 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 BIO Key will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BIO Key could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIO Key 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 BIO Key - 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 BIO Key International to buy it.
The correlation of BIO Key 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 BIO Key moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIO Key International 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 BIO Key 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 BIO Key Correlation against competitors. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for BIO Stock analysis
When running BIO Key's price analysis, check to measure BIO Key'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 BIO Key is operating at the current time. Most of BIO Key's value examination focuses on studying past and present price action to predict the probability of BIO Key's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BIO Key's price. Additionally, you may evaluate how the addition of BIO Key to your portfolios can decrease your overall portfolio volatility.
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Is BIO Key'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 BIO Key. If investors know BIO 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 BIO Key listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (19.62) | Revenue Per Share 17.484 | Quarterly Revenue Growth 0.323 | Return On Assets (0.27) | Return On Equity (1.26) |
The market value of BIO Key International is measured differently than its book value, which is the value of BIO that is recorded on the company's balance sheet. Investors also form their own opinion of BIO Key's value that differs from its market value or its book value, called intrinsic value, which is BIO Key'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 BIO Key's market value can be influenced by many factors that don't directly affect BIO Key'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 BIO Key's value and its price as these two are different measures arrived at by different means. Investors typically determine if BIO Key is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BIO Key'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.