Biotage Ab Stock Market Value

BITGF Stock  USD 16.87  4.87  40.58%   
Biotage AB's market value is the price at which a share of Biotage AB trades on a public exchange. It measures the collective expectations of Biotage AB investors about its performance. Biotage AB is trading at 16.87 as of the 28th of March 2024. This is a 40.58 percent up since the beginning of the trading day. The stock's lowest day price was 16.87.
With this module, you can estimate the performance of a buy and hold strategy of Biotage AB and determine expected loss or profit from investing in Biotage AB over a given investment horizon. Check out Biotage AB Correlation, Biotage AB Volatility and Biotage AB Alpha and Beta module to complement your research on Biotage AB.
Symbol

Please note, there is a significant difference between Biotage AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biotage AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biotage AB's 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.

Biotage AB '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 Biotage AB's otc stock 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 Biotage AB.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Biotage AB on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Biotage AB or generate 0.0% return on investment in Biotage AB over 720 days. Biotage AB is related to or competes with Gentex, Shagrir Group, Wingstop, Wendys, Guangzhou Automobile, BJs Restaurants, and GEN Restaurant. Biotage AB provides separation technologies in the areas of organic and analytical chemistry, biomolecules, and industri... More

Biotage AB 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 Biotage AB's otc stock 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 Biotage AB upside and downside potential and time the market with a certain degree of confidence.

Biotage AB Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Biotage AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biotage AB's standard deviation. In reality, there are many statistical measures that can use Biotage AB historical prices to predict the future Biotage AB's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biotage AB'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.
Hype
Prediction
LowEstimatedHigh
11.7216.8722.02
Details
Intrinsic
Valuation
LowRealHigh
7.5312.6817.83
Details
Naive
Forecast
LowNextHigh
13.9019.0624.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.1812.8116.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Biotage AB. Your research has to be compared to or analyzed against Biotage AB's peers to derive any actionable benefits. When done correctly, Biotage AB's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Biotage AB.

Biotage AB Backtested Returns

Biotage AB appears to be somewhat reliable, given 3 months investment horizon. Biotage AB secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Biotage AB's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of Biotage AB's Risk Adjusted Performance of 0.0795, mean deviation of 1.29, and Standard Deviation of 5.15 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Biotage AB 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 Biotage AB are expected to decrease at a much lower rate. During the bear market, Biotage AB is likely to outperform the market. Please check Biotage AB's daily balance of power, and the relationship between the total risk alpha and day typical price , to make a quick decision on whether Biotage AB's price patterns will revert.

Auto-correlation

    
  0.19  

Very weak predictability

Biotage AB has very weak predictability. Overlapping area represents the amount of predictability between Biotage AB time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Biotage AB price movement. The serial correlation of 0.19 indicates that over 19.0% of current Biotage AB price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.11
Residual Average0.0
Price Variance1.27

Biotage AB lagged returns against current returns

Autocorrelation, which is Biotage AB otc stock'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 Biotage AB's otc stock expected returns. We can calculate the autocorrelation of Biotage AB returns to help us make a trade decision. For example, suppose you find that Biotage AB has exhibited high autocorrelation historically, and you observe that the otc stock 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  

Biotage AB 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 Biotage AB otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biotage AB otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biotage AB otc stock over time.
   Current vs Lagged Prices   
       Timeline  

Biotage AB Lagged Returns

When evaluating Biotage AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biotage AB otc stock have on its future price. Biotage AB 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, Biotage AB autocorrelation shows the relationship between Biotage AB otc stock current value and its past values and can show if there is a momentum factor associated with investing in Biotage AB.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Biotage AB in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Biotage AB's short interest history, or implied volatility extrapolated from Biotage AB options trading.

Pair Trading with Biotage AB

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 Biotage AB 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 Biotage AB will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Biotage AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biotage AB 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 Biotage AB - 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 Biotage AB to buy it.
The correlation of Biotage AB 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 Biotage AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biotage AB 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 Biotage AB 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
Check out Biotage AB Correlation, Biotage AB Volatility and Biotage AB Alpha and Beta module to complement your research on Biotage AB.
Note that the Biotage AB information on this page should be used as a complementary analysis to other Biotage AB's 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 the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Biotage AB's price analysis, check to measure Biotage AB'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 Biotage AB is operating at the current time. Most of Biotage AB's value examination focuses on studying past and present price action to predict the probability of Biotage AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotage AB's price. Additionally, you may evaluate how the addition of Biotage AB to your portfolios can decrease your overall portfolio volatility.
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Biotage AB technical otc stock 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, otc market cycles, or different charting patterns.
A focus of Biotage AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Biotage AB trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...