By analyzing existing basic indicators between Beyondspring and Brickell, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Brickell with a short position in Beyondspring. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Beyondspring has an asset utilization ratio of 6.84 percent. This implies that the company is making $0.0684 for each dollar of assets. An increasing asset utilization means that Beyondspring is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as BeyondSpring or Surrozen is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
How important is BeyondSpring's Liquidity
BeyondSpring
financial leverage refers to using borrowed capital as a funding source to finance BeyondSpring ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. BeyondSpring financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to BeyondSpring's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of BeyondSpring's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between BeyondSpring's total debt and its cash.
Correlation Between BeyondSpring and Surrozen
In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding BeyondSpring together with similar or unrelated positions with a negative correlation. For example, you can also add Surrozen to your portfolio. If Surrozen is not perfectly correlated to BeyondSpring it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When BeyondSpring, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both BeyondSpring and Surrozen in your portfolio? Please note if you are using this as a pair-trade strategy between BeyondSpring and Surrozen, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between BYSI and SRZN for more information.
Another Deeper Perspective
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Let me now analyze Beyondspring revenue. Based on the latest financial disclosure, Beyondspring reported 856
K of revenue. This is 99.99% lower than that of the Healthcare sector and 99.88% lower than that of the
Biotechnology industry. The revenue for all United States stocks is 99.99% higher than that of the firm. As for Brickell Biotech we see revenue of 337
K, which is 99.95% lower than that of the Biotechnology
| BYSI | 856,000 | 0.12 |
| Sector | 742.91 Million | 99.84 |
| BBI | 337,000 | 0.0453 |
Another small drop for Beyondspring
Current treynor ratio is at -0.61.
As of the 16th of December 2021, Beyondspring shows the
risk adjusted performance of
(0.16), and Mean Deviation of 4.69. Beyondspring
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen
technical drivers for Beyondspring, which can be compared to its rivals. Please confirm
Beyondspring jensen alpha and
downside variance to decide if Beyondspring is priced correctly, providing market reflects its regular price of 4.24 per share. Given that Beyondspring has
jensen alpha of
(1.96), we suggest you to validate Beyondspring's prevailing market performance to make sure the company can sustain itself at a future point.
Our Final Take On Beyondspring
While some other firms in the biotechnology industry are either recovering or due for a correction, Beyondspring may not be as strong as the others in terms of longer-term growth potentials. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither take up nor trade any shares of Beyondspring at this time. The Beyondspring risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Beyondspring.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of BeyondSpring. Please refer to our
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