BYTE Acquisition Corp Performance
| BYTSUDelisted Stock | USD 10.76 0.00 0.00% |
The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BYTE Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding BYTE Acquisition is expected to be smaller as well. BYTE Acquisition Corp currently shows a risk of 0.0%. Please confirm BYTE Acquisition Corp jensen alpha, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if BYTE Acquisition Corp will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days BYTE Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, BYTE Acquisition is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
| Begin Period Cash Flow | 1.7 M |
BYTE |
BYTE Acquisition Relative Risk vs. Return Landscape
If you would invest 1,076 in BYTE Acquisition Corp on September 1, 2024 and sell it today you would earn a total of 0.00 from holding BYTE Acquisition Corp or generate 0.0% return on investment over 90 days. BYTE Acquisition Corp is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded stocks are less volatile than BYTE, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
BYTE Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYTE Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as BYTE Acquisition Corp, and traders can use it to determine the average amount a BYTE Acquisition'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 BYTE Acquisition 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 BYTE Acquisition by adding BYTE Acquisition to a well-diversified portfolio.
BYTE Acquisition Fundamentals Growth
BYTE Stock prices reflect investors' perceptions of the future prospects and financial health of BYTE Acquisition, and BYTE Acquisition 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 BYTE Stock performance.
| Return On Asset | -0.0137 | |||
| Current Valuation | 69.83 M | |||
| Price To Earning | 36.05 X | |||
| EBITDA | (13.42 M) | |||
| Cash And Equivalents | 1.26 M | |||
| Cash Per Share | 0.03 X | |||
| Book Value Per Share | (1.65) X | |||
| Cash Flow From Operations | (608.52 K) | |||
| Earnings Per Share | 0.28 X | |||
| Total Asset | 329.41 M | |||
| Retained Earnings | (11.81 M) | |||
About BYTE Acquisition Performance
Assessing BYTE Acquisition's fundamental ratios provides investors with valuable insights into BYTE Acquisition's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the BYTE Acquisition 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.
BYTE Acquisition Corp. does not have significant operations. The company was incorporated in 2021 and is based in New York, New York. BYTE Acquisition operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.Things to note about BYTE Acquisition Corp performance evaluation
Checking the ongoing alerts about BYTE Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for BYTE Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| BYTE Acquisition is not yet fully synchronised with the market data | |
| BYTE Acquisition has a very high chance of going through financial distress in the upcoming years | |
| BYTE Acquisition Corp has accumulated about 1.26 M in cash with (608.52 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
- Analyzing BYTE Acquisition'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 BYTE Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining BYTE Acquisition'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 BYTE Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of BYTE Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of BYTE Acquisition's stock. These opinions can provide insight into BYTE Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Other Consideration for investing in BYTE Stock
If you are still planning to invest in BYTE Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the BYTE Acquisition's history and understand the potential risks before investing.
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