Butterfly Network Correlations
| BFLY Stock | USD 0.99 0.01 1.00% |
The correlation of Butterfly Network 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 Butterfly Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Butterfly Network 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.
Good diversification
The correlation between Butterfly Network and NYA is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Butterfly Network and NYA in the same portfolio, assuming nothing else is changed.
Butterfly |
The ability to find closely correlated positions to Butterfly Network could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Butterfly Network 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 Butterfly Network - 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 Butterfly Network to buy it.
Moving together with Butterfly Stock
Moving against Butterfly Stock
| 0.69 | GCTK | GlucoTrack | PairCorr |
| 0.53 | NXL | Nexalin Technology | PairCorr |
| 0.53 | CMAXW | CareMax | PairCorr |
| 0.45 | IRIX | IRIDEX | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Butterfly Network without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Butterfly Network Corporate Management
Elected by the shareholders, the Butterfly Network's board of directors comprises two types of representatives: Butterfly Network inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Butterfly. The board's role is to monitor Butterfly Network's management team and ensure that shareholders' interests are well served. Butterfly Network's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Butterfly Network's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Ramsey | Chief Officer | Profile | |
| John Hammergren | Independent Director | Profile | |
| Dawn Carfora | Independent Director | Profile | |
| Stacey Pugh | Chief Commercial Officer | Profile | |
| John Martin | Chief Medical Officer | Profile |
Already Invested in Butterfly Network?
The danger of trading Butterfly Network is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Butterfly Network is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Butterfly Network. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Butterfly Network is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Butterfly Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Butterfly Network's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Butterfly Network Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Butterfly Network Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Butterfly Network. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Butterfly Stock please use our How to Invest in Butterfly Network guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running Butterfly Network's price analysis, check to measure Butterfly Network'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 Butterfly Network is operating at the current time. Most of Butterfly Network's value examination focuses on studying past and present price action to predict the probability of Butterfly Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Butterfly Network's price. Additionally, you may evaluate how the addition of Butterfly Network to your portfolios can decrease your overall portfolio volatility.
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Is Butterfly Network'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 Butterfly Network. If investors know Butterfly 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 Butterfly Network listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 0.329 | Quarterly Revenue Growth 0.141 | Return On Assets (0.23) | Return On Equity (0.49) |
The market value of Butterfly Network is measured differently than its book value, which is the value of Butterfly that is recorded on the company's balance sheet. Investors also form their own opinion of Butterfly Network's value that differs from its market value or its book value, called intrinsic value, which is Butterfly Network'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 Butterfly Network's market value can be influenced by many factors that don't directly affect Butterfly Network'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 Butterfly Network's value and its price as these two are different measures arrived at by different means. Investors typically determine if Butterfly Network is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Butterfly Network'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.