Bytes Technology (South Africa) Performance
| BYI Stock | 11,690 144.00 1.25% |
On a scale of 0 to 100, Bytes Technology holds a performance score of 9. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bytes Technology are expected to decrease at a much lower rate. During the bear market, Bytes Technology is likely to outperform the market. Please check Bytes Technology's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Bytes Technology's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Bytes Technology are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Bytes Technology exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 20.7 M | |
| Total Cashflows From Investing Activities | -617 K |
Bytes |
Bytes Technology Relative Risk vs. Return Landscape
If you would invest 965,700 in Bytes Technology on December 23, 2024 and sell it today you would earn a total of 203,300 from holding Bytes Technology or generate 21.05% return on investment over 90 days. Bytes Technology is generating 0.3436% of daily returns and assumes 2.7291% volatility on return distribution over the 90 days horizon. Simply put, 24% of stocks are less volatile than Bytes, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bytes Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bytes Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Bytes Technology, and traders can use it to determine the average amount a Bytes Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1259
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Estimated Market Risk
| 2.73 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Bytes Technology is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bytes Technology by adding it to a well-diversified portfolio.
Bytes Technology Fundamentals Growth
Bytes Stock prices reflect investors' perceptions of the future prospects and financial health of Bytes Technology, and Bytes Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Bytes Stock performance.
| Return On Equity | 0.88 | |||
| Return On Asset | 0.12 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.1 % | |||
| Current Valuation | 19.31 B | |||
| Shares Outstanding | 239.48 M | |||
| Price To Book | 20.24 X | |||
| Price To Sales | 46.01 X | |||
| Revenue | 447.94 M | |||
| EBITDA | 44.76 M | |||
| Book Value Per Share | 0.19 X | |||
| Cash Flow From Operations | 52.05 M | |||
| Earnings Per Share | 3.16 X | |||
| Total Asset | 283.57 M | |||
About Bytes Technology Performance
By analyzing Bytes Technology's fundamental ratios, stakeholders can gain valuable insights into Bytes Technology's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bytes Technology has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bytes Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Bytes Technology performance evaluation
Checking the ongoing alerts about Bytes Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Bytes Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 67.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Bytes Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bytes Technology's stock is overvalued or undervalued compared to its peers.
- Examining Bytes Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Bytes Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bytes Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Bytes Technology's stock. These opinions can provide insight into Bytes Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Bytes Stock analysis
When running Bytes Technology's price analysis, check to measure Bytes Technology'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 Bytes Technology is operating at the current time. Most of Bytes Technology's value examination focuses on studying past and present price action to predict the probability of Bytes Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bytes Technology's price. Additionally, you may evaluate how the addition of Bytes Technology to your portfolios can decrease your overall portfolio volatility.
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