2023 Cardiac Arrhythmia Monitoring Devices Market Report Explore New Era Growth - Benzinga

Slightly above 67% of Biotricity's investor base is looking to short. The analysis of overall sentiment of trading Biotricity stock suggests that many investors are alarmed at this time. Biotricity's investing sentiment can be driven by a variety of factors including economic data, Biotricity's earnings reports, geopolitical events, and overall market trends.
  
2023 Cardiac Arrhythmia Monitoring Devices Market Report Explore New Era Growth Benzinga

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Biotricity Fundamental Analysis

We analyze Biotricity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Biotricity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Biotricity based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Return On Asset

Return On Asset Comparative Analysis

Biotricity is currently under evaluation in return on asset category among its peers. 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.

Biotricity Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Biotricity stock to make a market-neutral strategy. Peer analysis of Biotricity could also be used in its relative valuation, which is a method of valuing Biotricity by comparing valuation metrics with similar companies.

Peers

Biotricity Related Equities

NARIInari Medical   22.23   
0%
100.0%
BMRABiomerica   5.88   
0%
26.0%
CVRXCVRx   5.35   
0%
24.0%
MOVEMovano   4.15   
0%
18.0%
BJDXBluejay Diagnostics   3.22   
0%
14.0%
MXCTMaxCyte   1.86   
0%
8.0%
TELATela Bio   0.35   
1.0%
0%
NVNOEnVVeno Medical   1.45   
6.0%
0%
NSYSNortech Systems   1.56   
7.0%
0%
SRDXSurModics   1.84   
8.0%
0%
CLPTClearpoint Neuro   1.97   
8.0%
0%
HSCSHeart Test   2.19   
9.0%
0%
DCTHDelcath Systems   2.84   
12.0%
0%
MODDModular Medical   3.45   
15.0%
0%
BBLGBone Biologics   4.35   
19.0%
0%
PAVMPAVmed   4.48   
20.0%
0%
BSGMBioSig Technologies,   5.52   
24.0%
0%
AIMDAinos   19.51   
87.0%
0%
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 main economic indicators.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Other Consideration for investing in Biotricity Stock

If you are still planning to invest in Biotricity 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 Biotricity's history and understand the potential risks before investing.
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