Bytes Technology (UK) Performance
| BYIT Stock | 432.00 0.80 0.18% |
The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bytes Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bytes Technology is expected to be smaller as well. At this point, Bytes Technology has a negative expected return of -0.13%. Please make sure to confirm Bytes Technology's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Bytes Technology performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Bytes Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors. ...more
Forward Dividend Yield 0.021 | Payout Ratio 0.4169 | Forward Dividend Rate 0.09 | Ex Dividend Date 2024-11-07 |
1 | Bytes Technology Group Trading Down 0.7 percent - Heres What Happened - MarketBeat | 11/07/2024 |
| Bytes Technology dividend paid on 22nd of November 2024 | 11/22/2024 |
2 | Bytes Technology Group Announces Total Voting Rights Details - MSN | 01/02/2025 |
| Begin Period Cash Flow | 73 M |
Bytes |
Bytes Technology Relative Risk vs. Return Landscape
If you would invest 47,369 in Bytes Technology on October 20, 2024 and sell it today you would lose (4,169) from holding Bytes Technology or give up 8.8% of portfolio value over 90 days. Bytes Technology is generating negative expected returns and assumes 1.9289% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Bytes, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bytes Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bytes Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bytes Technology, and traders can use it to determine the average amount a Bytes Technology'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 = -0.0663
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| Negative Returns | BYIT |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bytes Technology 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 Bytes Technology by adding Bytes Technology to a well-diversified portfolio.
Bytes Technology Fundamentals Growth
Bytes Stock prices reflect investors' perceptions of the future prospects and financial health of Bytes Technology, and Bytes Technology 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 Bytes Stock performance.
| Return On Equity | 0.75 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 973.21 M | ||||
| Shares Outstanding | 240.96 M | ||||
| Price To Book | 13.44 X | ||||
| Price To Sales | 5.11 X | ||||
| Revenue | 207.02 M | ||||
| Gross Profit | 152.56 M | ||||
| EBITDA | 64.2 M | ||||
| Net Income | 46.85 M | ||||
| Total Debt | 1.74 M | ||||
| Book Value Per Share | 0.15 X | ||||
| Cash Flow From Operations | 57.01 M | ||||
| Earnings Per Share | 0.21 X | ||||
| Total Asset | 379.72 M | ||||
| Retained Earnings | 75.61 M | ||||
About Bytes Technology Performance
Assessing Bytes Technology's fundamental ratios provides investors with valuable insights into Bytes Technology's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Bytes Technology is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Bytes Technology is entity of United Kingdom. It is traded as Stock on LSE exchange.Things to note about Bytes Technology performance evaluation
Checking the ongoing alerts about Bytes Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bytes Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Bytes Technology generated a negative expected return over the last 90 days | |
| About 74.0% of the company shares are held by institutions such as insurance companies | |
| On 22nd of November 2024 Bytes Technology paid 0.031 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Bytes Technology Group Announces Total Voting Rights Details - MSN |
- Analyzing Bytes Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bytes Technology's stock is overvalued or undervalued compared to its peers.
- Examining Bytes Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bytes Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bytes Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bytes Technology's stock. These opinions can provide insight into Bytes Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Bytes Stock Analysis
When running Bytes Technology's price analysis, check to measure Bytes Technology'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 Bytes Technology is operating at the current time. Most of Bytes Technology's value examination focuses on studying past and present price action to predict the probability of Bytes Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bytes Technology's price. Additionally, you may evaluate how the addition of Bytes Technology to your portfolios can decrease your overall portfolio volatility.