Swedish Orphan Biovitrum Stock Market Value
| BIOVF Stock | USD 22.87 2.13 8.52% |
| Symbol | Swedish |
Swedish Orphan 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Swedish Orphan's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Swedish Orphan.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Swedish Orphan on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Swedish Orphan Biovitrum or generate 0.0% return on investment in Swedish Orphan over 30 days. Swedish Orphan is related to or competes with Collegium Pharmaceutical, Amphastar, Eagle Pharmaceuticals, Alkermes Plc, Evolus, Kamada, and Guardion Health. Swedish Orphan Biovitrum AB , an integrated biotechnology company, researches, develops, manufactures, and sells pharmac... More
Swedish Orphan Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Swedish Orphan's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Swedish Orphan Biovitrum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 18.84 | |||
| Value At Risk | (6.86) | |||
| Potential Upside | 2.28 |
Swedish Orphan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Swedish Orphan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Swedish Orphan's standard deviation. In reality, there are many statistical measures that can use Swedish Orphan historical prices to predict the future Swedish Orphan's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 0.2673 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Swedish Orphan's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Swedish Orphan Biovitrum Backtested Returns
Swedish Orphan Biovitrum owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0715, which indicates the firm had a -0.0715% return per unit of risk over the last 3 months. Swedish Orphan Biovitrum exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Swedish Orphan's Coefficient Of Variation of (1,443), risk adjusted performance of (0.04), and Variance of 8.87 to confirm the risk estimate we provide. The entity has a beta of -0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Swedish Orphan are expected to decrease at a much lower rate. During the bear market, Swedish Orphan is likely to outperform the market. Swedish Orphan Biovitrum has an expected return of -0.22%. Please make sure to validate Swedish Orphan jensen alpha, as well as the relationship between the skewness and day typical price , to decide if Swedish Orphan Biovitrum performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Swedish Orphan Biovitrum has modest predictability. Overlapping area represents the amount of predictability between Swedish Orphan time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Swedish Orphan Biovitrum price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Swedish Orphan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Swedish Orphan Biovitrum lagged returns against current returns
Autocorrelation, which is Swedish Orphan pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Swedish Orphan's pink sheet expected returns. We can calculate the autocorrelation of Swedish Orphan returns to help us make a trade decision. For example, suppose you find that Swedish Orphan has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Swedish Orphan regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Swedish Orphan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Swedish Orphan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Swedish Orphan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Swedish Orphan Lagged Returns
When evaluating Swedish Orphan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Swedish Orphan pink sheet have on its future price. Swedish Orphan autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Swedish Orphan autocorrelation shows the relationship between Swedish Orphan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Swedish Orphan Biovitrum.
Regressed Prices |
| Timeline |
Pair Trading with Swedish Orphan
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 Swedish Orphan 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 Swedish Orphan will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Swedish Orphan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swedish Orphan 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 Swedish Orphan - 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 Swedish Orphan Biovitrum to buy it.
The correlation of Swedish Orphan 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 Swedish Orphan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Swedish Orphan Biovitrum 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 Swedish Orphan 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.Check out Swedish Orphan Correlation, Swedish Orphan Volatility and Swedish Orphan Alpha and Beta module to complement your research on Swedish Orphan. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Swedish Pink Sheet analysis
When running Swedish Orphan's price analysis, check to measure Swedish Orphan'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 Swedish Orphan is operating at the current time. Most of Swedish Orphan's value examination focuses on studying past and present price action to predict the probability of Swedish Orphan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Swedish Orphan's price. Additionally, you may evaluate how the addition of Swedish Orphan to your portfolios can decrease your overall portfolio volatility.
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Stocks Directory Find actively traded stocks across global markets | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |
Swedish Orphan technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.