Bluejay Diagnostics Debt To Equity vs. Return On Asset
| BJDX Stock | USD 3.50 0.02 0.57% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter (0.23) | Current Value (0.24) | Quarterly Volatility 0.05878124 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.16 | 0.18 |
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For Bluejay Diagnostics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bluejay Diagnostics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bluejay Diagnostics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bluejay Diagnostics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bluejay Diagnostics over time as well as its relative position and ranking within its peers.
Bluejay |
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 Bluejay Diagnostics. If investors know Bluejay 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 Bluejay Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (804.00) | Return On Assets (0.59) | Return On Equity (1.25) |
The market value of Bluejay Diagnostics is measured differently than its book value, which is the value of Bluejay that is recorded on the company's balance sheet. Investors also form their own opinion of Bluejay Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Bluejay Diagnostics' 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 Bluejay Diagnostics' market value can be influenced by many factors that don't directly affect Bluejay Diagnostics' 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 Bluejay Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bluejay Diagnostics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bluejay Diagnostics' 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.
Bluejay Diagnostics Return On Asset vs. Debt To Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bluejay Diagnostics's current stock value. Our valuation model uses many indicators to compare Bluejay Diagnostics value to that of its competitors to determine the firm's financial worth. Bluejay Diagnostics is rated below average in debt to equity category among its peers. It is rated fifth in return on asset category among its peers . At this time, Bluejay Diagnostics' Debt To Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Bluejay Diagnostics' earnings, one of the primary drivers of an investment's value.Bluejay Return On Asset vs. Debt To Equity
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Bluejay Diagnostics |
| = | 0.04 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Bluejay Diagnostics |
| = | -0.59 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Bluejay Return On Asset Comparison
Bluejay Diagnostics is currently under evaluation in return on asset category among its peers.
Bluejay Diagnostics Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bluejay Diagnostics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bluejay Diagnostics will eventually generate negative long term returns. The profitability progress is the general direction of Bluejay Diagnostics' change in net profit over the period of time. It can combine multiple indicators of Bluejay Diagnostics, 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 | -18.9 M | -18 M | |
| Net Interest Income | 164.9 K | 173.1 K | |
| Operating Income | -10.3 M | -9.8 M | |
| Net Loss | -10 M | -9.5 M | |
| Income Before Tax | -10 M | -9.5 M | |
| Total Other Income Expense Net | 357.3 K | 375.2 K | |
| Net Loss | -8.4 M | -7.9 M | |
| Net Loss | -10 M | -9.5 M | |
| Income Tax Expense | 5.00 | 4.75 | |
| Interest Income | 164.9 K | 140 K | |
| Change To Netincome | 771 K | 809.6 K | |
| Net Loss | (72.62) | (76.25) | |
| Income Quality | 0.84 | 1.19 | |
| Net Income Per E B T | 0.89 | 0.79 |
Bluejay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bluejay Diagnostics. 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 Bluejay Diagnostics 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 Bluejay Diagnostics' important profitability drivers and their relationship over time.
Use Bluejay Diagnostics 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 Bluejay Diagnostics 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 Bluejay Diagnostics will appreciate offsetting losses from the drop in the long position's value.Bluejay Diagnostics Pair Trading
Bluejay Diagnostics Pair Trading Analysis
The ability to find closely correlated positions to Bluejay Diagnostics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bluejay Diagnostics 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 Bluejay Diagnostics - 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 Bluejay Diagnostics to buy it.
The correlation of Bluejay Diagnostics 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 Bluejay Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bluejay Diagnostics 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 Bluejay Diagnostics 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 Bluejay Diagnostics position
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Additional Tools for Bluejay Stock Analysis
When running Bluejay Diagnostics' price analysis, check to measure Bluejay Diagnostics' 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 Bluejay Diagnostics is operating at the current time. Most of Bluejay Diagnostics' value examination focuses on studying past and present price action to predict the probability of Bluejay Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluejay Diagnostics' price. Additionally, you may evaluate how the addition of Bluejay Diagnostics to your portfolios can decrease your overall portfolio volatility.