BioLight Life Revenue vs. Return On Asset
| BOLT Stock | ILS 505.00 6.00 1.20% |
For BioLight Life profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BioLight Life to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BioLight Life Sciences utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BioLight Life's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BioLight Life Sciences over time as well as its relative position and ranking within its peers.
BioLight |
BioLight Life Sciences Return On Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BioLight Life's current stock value. Our valuation model uses many indicators to compare BioLight Life value to that of its competitors to determine the firm's financial worth. BioLight Life Sciences is the top company in revenue category among its peers. It also is number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value BioLight Life by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for BioLight Life's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.BioLight Revenue vs. Competition
BioLight Life Sciences is the top company in revenue category among its peers. Market size based on revenue of Health Care industry is currently estimated at about 23.63 Billion. BioLight Life adds roughly 3,000 in revenue claiming only tiny portion of equities under Health Care industry.
BioLight Return On Asset vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
BioLight Life |
| = | 3 K |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.
BioLight Life |
| = | -0.0925 |
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.
BioLight Return On Asset Comparison
BioLight Life is currently under evaluation in return on asset category among its peers.
BioLight Life Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in BioLight Life, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BioLight Life will eventually generate negative long term returns. The profitability progress is the general direction of BioLight Life's change in net profit over the period of time. It can combine multiple indicators of BioLight Life, 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.
BioLight Life Sciences Ltd., an ophthalmic company, engages in the discovery, development, and commercialization of products and product candidates that address ophthalmic conditions comprising glaucoma, dry eye syndrome, and age-related macular degeneration. BioLight Life Sciences Ltd. was founded in 2005 and is based in Tel Aviv, Israel. BIOLIGHT LIFE operates under Biotechnology classification in Israel and is traded on Tel Aviv Stock Exchange.
BioLight Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on BioLight Life. 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 BioLight Life 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 BioLight Life's important profitability drivers and their relationship over time.
Use BioLight Life 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 BioLight Life 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 BioLight Life will appreciate offsetting losses from the drop in the long position's value.BioLight Life Pair Trading
BioLight Life Sciences Pair Trading Analysis
The ability to find closely correlated positions to BioLight Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioLight Life 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 BioLight Life - 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 BioLight Life Sciences to buy it.
The correlation of BioLight Life 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 BioLight Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BioLight Life Sciences 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 BioLight Life 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 BioLight Life position
In addition to having BioLight Life 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?
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Other Information on Investing in BioLight Stock
To fully project BioLight Life's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of BioLight Life Sciences 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 BioLight Life's income statement, its balance sheet, and the statement of cash flows.