Byrna Research Development from 2010 to 2026
| BYRN Stock | USD 15.20 0.15 1.00% |
Research Development | First Reported 2005-02-28 | Previous Quarter 600 K | Current Value 600 K | Quarterly Volatility 1.2 M |
Check Byrna Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Byrna Technologies' main balance sheet or income statement drivers, such as Interest Expense of 312.8 K, Other Operating Expenses of 95.5 M or Operating Income of 6.3 M, as well as many indicators such as Price To Sales Ratio of 5.54, Dividend Yield of 0.0 or PTB Ratio of 7.56. Byrna financial statements analysis is a perfect complement when working with Byrna Technologies Valuation or Volatility modules.
Byrna | Research Development | Build AI portfolio with Byrna Stock |
Latest Byrna Technologies' Research Development Growth Pattern
Below is the plot of the Research Development of Byrna Technologies over the last few years. It is Byrna Technologies' Research Development historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Byrna Technologies' overall financial position and show how it may be relating to other accounts over time.
| Research Development | 10 Years Trend |
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Research Development |
| Timeline |
Byrna Research Development Regression Statistics
| Arithmetic Mean | 303,727 | |
| Geometric Mean | 233,988 | |
| Coefficient Of Variation | 69.18 | |
| Mean Deviation | 187,662 | |
| Median | 158,105 | |
| Standard Deviation | 210,126 | |
| Sample Variance | 44.2B | |
| Range | 556K | |
| R-Value | 0.83 | |
| Mean Square Error | 14.7B | |
| R-Squared | 0.69 | |
| Significance | 0.000039 | |
| Slope | 34,504 | |
| Total Sum of Squares | 706.4B |
Byrna Research Development History
About Byrna Technologies Financial Statements
Byrna Technologies investors utilize fundamental indicators, such as Research Development, to predict how Byrna Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Research Development | 540 K | 577.5 K |
Pair Trading with Byrna Technologies
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 Byrna Technologies 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 Byrna Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Byrna Stock
| 0.74 | PH | Parker Hannifin Earnings Call This Week | PairCorr |
| 0.72 | HI | Hillenbrand Sell-off Trend | PairCorr |
| 0.68 | DCI | Donaldson | PairCorr |
| 0.66 | 600765 | AVIC Heavy Machinery | PairCorr |
| 0.66 | DOV | Dover Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Byrna Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Byrna Technologies 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 Byrna Technologies - 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 Byrna Technologies to buy it.
The correlation of Byrna Technologies 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 Byrna Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Byrna Technologies 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 Byrna Technologies 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 Byrna Technologies Correlation against competitors. To learn how to invest in Byrna Stock, please use our How to Invest in Byrna Technologies guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Industrial Machinery & Supplies & Components space 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 Byrna Technologies. If investors know Byrna 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 Byrna Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.25 | Earnings Share 0.67 | Revenue Per Share | Quarterly Revenue Growth 0.351 | Return On Assets |
The market value of Byrna Technologies is measured differently than its book value, which is the value of Byrna that is recorded on the company's balance sheet. Investors also form their own opinion of Byrna Technologies' value that differs from its market value or its book value, called intrinsic value, which is Byrna Technologies' 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 Byrna Technologies' market value can be influenced by many factors that don't directly affect Byrna Technologies' 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 Byrna Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Byrna Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Byrna Technologies' 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.