Butterfly Network Stock Market Value
| BFLY Stock | USD 3.29 0.13 4.11% |
| Symbol | Butterfly |
Butterfly Network Price To Book Ratio
Is Health Care Equipment & Supplies 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 Butterfly Network. If investors know Butterfly 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 Butterfly Network listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.47) | Revenue Per Share 0.355 | Quarterly Revenue Growth 0.333 | Return On Assets (0.21) | Return On Equity (0.45) |
The market value of Butterfly Network is measured differently than its book value, which is the value of Butterfly that is recorded on the company's balance sheet. Investors also form their own opinion of Butterfly Network's value that differs from its market value or its book value, called intrinsic value, which is Butterfly Network'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 Butterfly Network's market value can be influenced by many factors that don't directly affect Butterfly Network'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 Butterfly Network's value and its price as these two are different measures arrived at by different means. Investors typically determine if Butterfly Network is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Butterfly Network'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.
Butterfly Network 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Butterfly Network's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Butterfly Network.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Butterfly Network on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Butterfly Network or generate 0.0% return on investment in Butterfly Network over 30 days. Butterfly Network is related to or competes with Inari Medical, Masimo, Glaukos Corp, Inspire Medical, Medtronic PLC, 908 Devices, and Monogram Orthopaedics. Butterfly Network, Inc., a digital health company, develops, manufactures, and commercializes ultrasound imaging solutio... More
Butterfly Network Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Butterfly Network's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Butterfly Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.26 | |||
| Information Ratio | 0.2799 | |||
| Maximum Drawdown | 35.79 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 14.04 |
Butterfly Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Butterfly Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Butterfly Network's standard deviation. In reality, there are many statistical measures that can use Butterfly Network historical prices to predict the future Butterfly Network's volatility.| Risk Adjusted Performance | 0.2382 | |||
| Jensen Alpha | 1.82 | |||
| Total Risk Alpha | 0.9005 | |||
| Sortino Ratio | 0.4496 | |||
| Treynor Ratio | 1.15 |
Butterfly Network Backtested Returns
Butterfly Network is very risky given 3 months investment horizon. Butterfly Network secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.82% are justified by taking the suggested risk. Use Butterfly Network Mean Deviation of 5.32, downside deviation of 4.26, and Risk Adjusted Performance of 0.2382 to evaluate company specific risk that cannot be diversified away. Butterfly Network holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.78, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Butterfly Network will likely underperform. Use Butterfly Network potential upside, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Butterfly Network.
Auto-correlation | 0.77 |
Good predictability
Butterfly Network has good predictability. Overlapping area represents the amount of predictability between Butterfly Network time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Butterfly Network price movement. The serial correlation of 0.77 indicates that around 77.0% of current Butterfly Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Butterfly Network lagged returns against current returns
Autocorrelation, which is Butterfly Network stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Butterfly Network's stock expected returns. We can calculate the autocorrelation of Butterfly Network returns to help us make a trade decision. For example, suppose you find that Butterfly Network has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Butterfly Network regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Butterfly Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Butterfly Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Butterfly Network stock over time.
Current vs Lagged Prices |
| Timeline |
Butterfly Network Lagged Returns
When evaluating Butterfly Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Butterfly Network stock have on its future price. Butterfly Network autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Butterfly Network autocorrelation shows the relationship between Butterfly Network stock current value and its past values and can show if there is a momentum factor associated with investing in Butterfly Network.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Butterfly Stock Analysis
When running Butterfly Network's price analysis, check to measure Butterfly Network'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 Butterfly Network is operating at the current time. Most of Butterfly Network's value examination focuses on studying past and present price action to predict the probability of Butterfly Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Butterfly Network's price. Additionally, you may evaluate how the addition of Butterfly Network to your portfolios can decrease your overall portfolio volatility.