Chembio Return on Investment Trend from 2010 to 2022

CEMI
 Stock
  

USD 1.10  0.02  1.85%   

Chembio Diagnostics Return on Investment is decreasing over the last several years with slightly volatile swings. Return on Investment is predicted to flatten to -64.08. During the period from 2010 to 2022 Chembio Diagnostics Return on Investment regressed destribution of quarterly values had mean deviationof 28.47 and mean square error of  155.24. Chembio Diagnostics Operating Expenses is most likely to increase significantly in the upcoming years. The last year's value of Operating Expenses was reported at 44.38 Million. The current Selling General and Administrative Expense is estimated to increase to about 26.8 M, while Consolidated Income is projected to decrease to (34.8 M).
  
Check Chembio Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chembio main balance sheet or income statement drivers, such as Direct Expenses of 37.2 M, Cost of Revenue of 28.6 M or Gross Profit of 13.3 M, as well as many exotic indicators such as Interest Coverage of 890, Long Term Debt to Equity of 0.56 or Calculated Tax Rate of 46.46. Chembio financial statements analysis is a perfect complement when working with Chembio Diagnostics Valuation or Volatility modules. It can also supplement Chembio Diagnostics' financial leverage analysis and stock options assessment as well as various Chembio Diagnostics Technical models . Continue to the analysis of Chembio Diagnostics Correlation against competitors.

Chembio Return on Investment Breakdown

Showing smoothed Return on Investment of Chembio Diagnostics with missing and latest data points interpolated. Chembio Diagnostics' Return on Investment historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Chembio Diagnostics' overall financial position and show how it may be relating to other accounts over time.
Return on Investment10 Years Trend
Decreasing
Slightly volatile
   Return on Investment   
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Chembio Return on Investment Regression Statistics

Arithmetic Mean(21.33)
Coefficient Of Variation(164.38)
Mean Deviation 28.47
Median(34.05)
Standard Deviation 35.06
Sample Variance 1,229
Range 119.65
R-Value(0.94)
Mean Square Error 155.24
R-Squared 0.88
Significance 0.00000175
Slope(8.46)
Total Sum of Squares 14,749

Chembio Return on Investment History

2012 10.88
2013 5.88
2014 -7.77
2015 -19.01
2016 -43.48
2017 -42.72
2018 -34.05
2019 -35.18
2020 -52.42
2021 -62.44
2022 -64.08

About Chembio Diagnostics Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Chembio Diagnostics income statement, its balance sheet, and the statement of cash flows. Chembio Diagnostics investors use historical funamental indicators, such as Chembio Diagnostics's Return on Investment, to determine how well the company is positioned to perform in the future. Although Chembio Diagnostics investors may use each financial statement separately, they are all related. The changes in Chembio Diagnostics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chembio Diagnostics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Chembio Diagnostics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Chembio Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Investment(62.44) (64.08) 
Chembio Diagnostics, Inc., together with its subsidiaries, develops, manufactures, and commercializes point-of-care diagnostic tests that are used to detect or diagnose diseases. The company offers tests for COVID-19, HIV and Syphilis, and Zika virus. It also develops tests for malaria, dengue, chikungunya, Chagas, ebola, leishmaniasis, lassa, marburg, leptospirosis, rickettsia, and Burkholderia diseases. The company sells its products under the STAT-PAK, SURE CHECK, STAT VIEW, and DPP trademarks, as well as sells its products directly through distributors to medical laboratories and hospitals, governmental and public health entities, non-governmental organizations, medical professionals, and retail establishments in the United States and internationally. It has collaboration agreements with Bill Melinda Gates Foundation, The Paul G. Allen Family Foundation, The Oswaldo Cruz Foundation, and the Foundation for Innovative New Diagnostics, as well as U.S. government agencies, such as Centers for Disease Control and Prevention, the Biomedical Advanced Research and Development Authority of the U.S. Department of Health and Human Services, and the U.S. Department of Agriculture. Chembio Diagnostics, Inc. was founded in 1985 and is headquartered in Hauppauge, New York.

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Our tools can tell you how much better you can do entering a position in Chembio Diagnostics without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Chembio Diagnostics

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 Chembio 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 Chembio Diagnostics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chembio Diagnostics

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Moving against Chembio Diagnostics

0.64IDXGInterpace Diag Group Earnings Call  TomorrowPairCorr
0.62ABCAmerisourcebergen Corp Fiscal Year End 3rd of November 2022 PairCorr
The ability to find closely correlated positions to Chembio 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 Chembio 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 Chembio 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 Chembio Diagnostics to buy it.
The correlation of Chembio Diagnostics is a statistical measure of how it moves in relation to other equities. 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 Chembio Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chembio 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 Chembio 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of Chembio Diagnostics Correlation against competitors. Note that the Chembio Diagnostics information on this page should be used as a complementary analysis to other Chembio Diagnostics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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Is Chembio Diagnostics' industry 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 Chembio Diagnostics. If investors know Chembio 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 Chembio Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
33.2 M
Quarterly Revenue Growth YOY
1.16
Return On Assets
-0.26
Return On Equity
-1.53
The market value of Chembio Diagnostics is measured differently than its book value, which is the value of Chembio that is recorded on the company's balance sheet. Investors also form their own opinion of Chembio Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Chembio 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 Chembio Diagnostics' market value can be influenced by many factors that don't directly affect Chembio 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 Chembio Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine Chembio Diagnostics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chembio 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.