Belite Bio Current Ratio vs. Market Capitalization
| BLTE Stock | USD 67.44 3.42 5.34% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 24.75639967 | Current Value 16.43 | Quarterly Volatility 4.7240388 |
For Belite Bio profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Belite Bio to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Belite Bio ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Belite Bio's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Belite Bio ADR over time as well as its relative position and ranking within its peers.
Belite |
Is Biotechnology 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 Belite Bio. If investors know Belite 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 Belite Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.10) | Return On Assets (0.26) | Return On Equity (0.40) |
The market value of Belite Bio ADR is measured differently than its book value, which is the value of Belite that is recorded on the company's balance sheet. Investors also form their own opinion of Belite Bio's value that differs from its market value or its book value, called intrinsic value, which is Belite Bio's 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 Belite Bio's market value can be influenced by many factors that don't directly affect Belite Bio's 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 Belite Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Belite Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Belite Bio's 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.
Belite Bio ADR Market Capitalization vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Belite Bio's current stock value. Our valuation model uses many indicators to compare Belite Bio value to that of its competitors to determine the firm's financial worth. Belite Bio ADR is rated second in current ratio category among its peers. It also is rated second in market capitalization category among its peers creating about 56,466,514 of Market Capitalization per Current Ratio. At present, Belite Bio's Current Ratio is projected to drop based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Belite Bio by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Belite Market Capitalization vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Belite Bio |
| = | 35.01 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Belite Bio |
| = | 1.98 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Belite Market Capitalization vs Competition
Belite Bio ADR is rated second in market capitalization category among its peers. Market capitalization of Health Care industry is currently estimated at about 8.96 Billion. Belite Bio totals roughly 1.98 Billion in market capitalization claiming about 22% of equities under Health Care industry.
Belite Bio Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Belite Bio, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Belite Bio will eventually generate negative long term returns. The profitability progress is the general direction of Belite Bio's change in net profit over the period of time. It can combine multiple indicators of Belite Bio, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -374 K | -392.7 K | |
| Net Interest Income | 49 K | 51.5 K | |
| Interest Income | 74 K | 77.7 K | |
| Operating Income | -31.7 M | -30.1 M | |
| Net Loss | -31.6 M | -30.1 M | |
| Income Before Tax | -31.6 M | -30 M | |
| Total Other Income Expense Net | 45 K | 42.8 K | |
| Net Loss | -8.7 M | -9.1 M | |
| Net Loss | -31.6 M | -30.1 M | |
| Income Tax Expense | 9 K | 9.4 K | |
| Change To Netincome | 1.8 M | 1.6 M | |
| Net Loss | (1.19) | (1.25) | |
| Income Quality | 0.94 | 0.68 | |
| Net Income Per E B T | 1.00 | 1.10 |
Belite Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Belite Bio. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Belite Bio position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Belite Bio's important profitability drivers and their relationship over time.
Use Belite Bio in pair-trading
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 Belite Bio 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 Belite Bio will appreciate offsetting losses from the drop in the long position's value.Belite Bio Pair Trading
Belite Bio ADR Pair Trading Analysis
The ability to find closely correlated positions to Belite Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belite Bio 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 Belite Bio - 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 Belite Bio ADR to buy it.
The correlation of Belite Bio 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 Belite Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belite Bio ADR 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 Belite Bio 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.Use Investing Themes to Complement your Belite Bio position
In addition to having Belite Bio in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Online Gaming Thematic Idea Now
Online Gaming
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Online Gaming Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
To fully project Belite Bio's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Belite Bio ADR at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Belite Bio's income statement, its balance sheet, and the statement of cash flows.