Bite Acquisition Corp Etf Buy Hold or Sell Recommendation

BITE Etf  USD 10.73  0.01  0.09%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Bite Acquisition Corp is 'Hold'. Macroaxis provides Bite Acquisition buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BITE positions. The advice algorithm takes into account all of Bite Acquisition's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Bite Acquisition's buy or sell advice are summarized below:
Real Value
10.72
Hype Value
10.73
Market Value
10.73
Naive Value
10.72
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Bite Acquisition Corp given historical horizon and risk tolerance towards Bite Acquisition. When Macroaxis issues a 'buy' or 'sell' recommendation for Bite Acquisition Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Bite Acquisition Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual funds such as Bite and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Bite Acquisition Corp. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Execute Bite Acquisition Buy or Sell Advice

The Bite recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bite Acquisition Corp. Macroaxis does not own or have any residual interests in Bite Acquisition Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bite Acquisition's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Bite AcquisitionBuy Bite Acquisition
Hold

Market Performance

WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Barely shadows the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Bite Acquisition Corp has a Mean Deviation of 0.2441, Semi Deviation of 0.2369, Standard Deviation of 0.3961, Variance of 0.1569, Downside Variance of 0.1882 and Semi Variance of 0.0561
Our trade advice tool can cross-verify current analyst consensus on Bite Acquisition Corp and to analyze the etf potential to grow in the current economic cycle. To make sure Bite Acquisition is not overpriced, please confirm all Bite Acquisition Corp fundamentals, including its short ratio, and the relationship between the total debt and total asset .

Bite Acquisition Trading Alerts and Improvement Suggestions

The company currently holds 923.95 K in liabilities. Bite Acquisition Corp has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bite Acquisition until it has trouble settling it off, either with new capital or with free cash flow. So, Bite Acquisition's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bite Acquisition Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bite to invest in growth at high rates of return. When we think about Bite Acquisition's use of debt, we should always consider it together with cash and equity.
Net Loss for the year was (987.94 K) with profit before overhead, payroll, taxes, and interest of 0.
Bite Acquisition Corp currently holds about 42.51 K in cash with (1.34 M) of positive cash flow from operations.
Roughly 69.0% of the company shares are held by company insiders
Latest headline from news.google.com: Mutual funds, ETFs are taking a smaller bite out of returns as expenses ratios fall - InvestmentNews
The fund holds all of its assets under management (AUM) in equities

Bite Acquisition Returns Distribution Density

The distribution of Bite Acquisition's historical returns is an attempt to chart the uncertainty of Bite Acquisition's future price movements. The chart of the probability distribution of Bite Acquisition daily returns describes the distribution of returns around its average expected value. We use Bite Acquisition Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bite Acquisition returns is essential to provide solid investment advice for Bite Acquisition.
Mean Return
0.03
Value At Risk
-0.56
Potential Upside
0.75
Standard Deviation
0.40
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bite Acquisition historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Bite Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Bite Acquisition is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bite Acquisition Corp backward and forwards among themselves. Bite Acquisition's institutional investor refers to the entity that pools money to purchase Bite Acquisition's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Meteora Capital, Llc2023-12-31
33.1 K
Flow Traders U.s. Llc2023-12-31
16.2 K
Spartan Fund Management Inc.2023-09-30
0.0
Ubs Group Ag2023-09-30
0.0
Cnh Partners, Llc2023-09-30
0.0
Owl Creek Asset Management Lp2023-09-30
0.0
Cantor Fitzgerald Investment Advisors, L.p.2023-12-31
0.0
Hrt Financial Llc2023-09-30
0.0
Yakira Capital Management, Inc.2023-12-31
525.4 K
Atlas Merchant Capital Llc2023-12-31
518.3 K
Mizuho Securities Usa Inc2023-12-31
509.6 K
Note, although Bite Acquisition's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Bite Acquisition Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bite Acquisition or Capital Markets sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bite Acquisition's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bite etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0
β
Beta against NYSE Composite0.12
σ
Overall volatility
0.38
Ir
Information ratio -0.27

Bite Acquisition Volatility Alert

Bite Acquisition Corp exhibits very low volatility with skewness of 1.22 and kurtosis of 5.75. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bite Acquisition's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bite Acquisition's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Bite Acquisition Fundamentals Vs Peers

Comparing Bite Acquisition's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bite Acquisition's direct or indirect competition across all of the common fundamentals between Bite Acquisition and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bite Acquisition or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Bite Acquisition's fundamental indicators could also be used in its relative valuation, which is a method of valuing Bite Acquisition by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Bite Acquisition to competition
FundamentalsBite AcquisitionPeer Average
Price To Earning21.54 X3.15 X
Price To Book3.20 X0.39 X
Beta0.02
Year To Date Return2.13 %(2.35) %
Net Asset30.92 M2.29 B
Equity Positions Weight100.00 %52.82 %

Bite Acquisition Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bite . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Bite Acquisition Buy or Sell Advice

When is the right time to buy or sell Bite Acquisition Corp? Buying financial instruments such as Bite Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Bite Acquisition in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Air Thematic Idea Now

Air
Air Theme
Companies specializing in air services and air delivery. The Air theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Air Theme or any other thematic opportunities.
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Check out Bite Acquisition Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Bite Etf analysis

When running Bite Acquisition's price analysis, check to measure Bite Acquisition'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 Bite Acquisition is operating at the current time. Most of Bite Acquisition's value examination focuses on studying past and present price action to predict the probability of Bite Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bite Acquisition's price. Additionally, you may evaluate how the addition of Bite Acquisition to your portfolios can decrease your overall portfolio volatility.
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The market value of Bite Acquisition Corp is measured differently than its book value, which is the value of Bite that is recorded on the company's balance sheet. Investors also form their own opinion of Bite Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Bite Acquisition'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 Bite Acquisition's market value can be influenced by many factors that don't directly affect Bite Acquisition'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 Bite Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bite Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bite Acquisition'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.