Biotricity Stock Alpha and Beta Analysis
| BTCY Stock | USD 1.37 0.03 2.24% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Biotricity. It also helps investors analyze the systematic and unsystematic risks associated with investing in Biotricity over a specified time horizon. Remember, high Biotricity's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Biotricity's market risk premium analysis include:
Beta 0.89 | Alpha 0.87 | Risk 8.69 | Sharpe Ratio 0.13 | Expected Return 1.13 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Biotricity |
Biotricity Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Biotricity market risk premium is the additional return an investor will receive from holding Biotricity long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Biotricity. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Biotricity's performance over market.| α | 0.87 | β | 0.89 |
Biotricity expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Biotricity's Buy-and-hold return. Our buy-and-hold chart shows how Biotricity performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Biotricity Market Price Analysis
Market price analysis indicators help investors to evaluate how Biotricity stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biotricity shares will generate the highest return on investment. By understating and applying Biotricity stock market price indicators, traders can identify Biotricity position entry and exit signals to maximize returns.
Biotricity Return and Market Media
The median price of Biotricity for the period between Sat, Feb 3, 2024 and Fri, May 3, 2024 is 1.22 with a coefficient of variation of 19.7. The daily time series for the period is distributed with a sample standard deviation of 0.23, arithmetic mean of 1.17, and mean deviation of 0.2. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Biotricity, Inc. Q3 2024 Earnings Call Transcript | 02/22/2024 |
2 | Here Is Why Bargain Hunters Would Love Fast-paced Mover Biotricity Inc. | 03/14/2024 |
3 | How Will the Market React to Biotricity Inc Stock Getting a Bullish Rating - InvestorsObserver | 03/19/2024 |
4 | Is Biotricity Inc Stock a Good Value Friday - InvestorsObserver | 03/22/2024 |
5 | Biotricity Accelerates Market Access by Partnering with Third Major Group Purchasing Organization, Expanding Market Reach to 90 percent of U.S. Hospitals | 03/28/2024 |
6 | Analysts Offer Insights on Technology Companies Upland Software and Biotricity - The Globe and Mail | 04/03/2024 |
7 | Biotricity Launches Major Cardiac Monitoring Pilot Program in a Hospital System Comprised of 9 Hospitals and 10 Clinics | 04/18/2024 |
8 | Biotricitys Path Towards Breakeven Accelerated by Latest Diagnostic Product, Biotres Pro, Garnering Rapid Interest from Existing and New Customers | 04/26/2024 |
About Biotricity Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Biotricity or other stocks. Alpha measures the amount that position in Biotricity has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0562 | 0.24 | 0.21 | 0.22 | Price To Sales Ratio | 2.25 | 0.42 | 0.48 | 0.46 |
Biotricity Upcoming Company Events
As portrayed in its financial statements, the presentation of Biotricity's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Biotricity's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Biotricity's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Biotricity. Please utilize our Beneish M Score to check the likelihood of Biotricity's management manipulating its earnings.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 4th of July 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 4th of July 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of March 2023 Last Financial Announcement | View |
Build Portfolio with Biotricity
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Biotricity Backtesting, Biotricity Valuation, Biotricity Correlation, Biotricity Hype Analysis, Biotricity Volatility, Biotricity History and analyze Biotricity Performance. For more information on how to buy Biotricity Stock please use our How to Invest in Biotricity guide.Note that the Biotricity information on this page should be used as a complementary analysis to other Biotricity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Biotricity Stock analysis
When running Biotricity's price analysis, check to measure Biotricity'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 Biotricity is operating at the current time. Most of Biotricity's value examination focuses on studying past and present price action to predict the probability of Biotricity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotricity's price. Additionally, you may evaluate how the addition of Biotricity to your portfolios can decrease your overall portfolio volatility.
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Biotricity technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.