Bite Etf Performance
The etf shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and BITE are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days BITE has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, BITE is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
BITE Relative Risk vs. Return Landscape
If you would invest (100.00) in BITE on September 30, 2025 and sell it today you would earn a total of 100.00 from holding BITE or generate -100.0% return on investment over 90 days. BITE is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than BITE, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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BITE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BITE's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BITE, and traders can use it to determine the average amount a BITE's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average BITE is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BITE by adding BITE to a well-diversified portfolio.
BITE Fundamentals Growth
BITE Etf prices reflect investors' perceptions of the future prospects and financial health of BITE, and BITE fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BITE Etf performance.
| Return On Asset | -0.059 | |||
| Current Valuation | 100.99 M | |||
| Shares Outstanding | 8 M | |||
| Price To Earning | 21.54 X | |||
| Price To Book | 3.22 X | |||
| EBITDA | (3.01 M) | |||
| Cash And Equivalents | 42.51 K | |||
| Total Debt | 923.95 K | |||
| Book Value Per Share | (0.53) X | |||
| Cash Flow From Operations | (1.34 M) | |||
| Earnings Per Share | (0.02) X | |||
| Total Asset | 30.92 M | |||
| Retained Earnings | (5.41 M) | |||
| BITE is not yet fully synchronised with the market data | |
| BITE has some characteristics of a very speculative penny stock | |
| BITE currently holds 923.95 K in liabilities. BITE 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 until it has trouble settling it off, either with new capital or with free cash flow. So, BITE'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 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'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 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 | |
| The fund holds all of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Tools for BITE Etf
When running BITE's price analysis, check to measure BITE'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 is operating at the current time. Most of BITE's value examination focuses on studying past and present price action to predict the probability of BITE'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's price. Additionally, you may evaluate how the addition of BITE to your portfolios can decrease your overall portfolio volatility.
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