Biotage Ab Stock Market Value
| BITGF Stock | USD 16.87 0.00 0.00% |
| Symbol | Biotage |
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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Biotage AB on March 25, 2024 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 30 days. Biotage AB is related to or competes with Repligen, Intuitive Surgical, ResMed, Merit Medical, and ICU Medical. 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.
| Information Ratio | 0.1085 | |||
| Maximum Drawdown | 40.58 |
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.| Risk Adjusted Performance | 0.088 | |||
| Jensen Alpha | 0.7037 | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.93) |
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.
Biotage AB Backtested Returns
Biotage AB appears to be out of control, 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 0.088, 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 -0.69, 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 variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to make a quick decision on whether Biotage AB's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Biotage AB has no correlation between past and present. Overlapping area represents the amount of predictability between Biotage AB time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Biotage AB price movement. The serial correlation of 0.0 indicates that just 0.0% of current Biotage AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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.Moving together with Biotage OTC Stock
| 0.72 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
Moving against Biotage OTC Stock
| 0.63 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.6 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.53 | BA | Boeing Earnings Call Today | PairCorr |
| 0.45 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.43 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
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.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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Biotage OTC Stock analysis
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.