Biotron Limited Stock Market Value
| BITRF Stock | USD 0.06 0.00 0.00% |
| Symbol | Biotron |
Biotron '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 Biotron'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 Biotron.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Biotron on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Biotron Limited or generate 0.0% return on investment in Biotron over 30 days. Biotron is related to or competes with Covalon Technologies, and Ceapro. Biotron Limited, a biotechnology company, engages in developing and commercializing small molecule products to treat var... More
Biotron 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 Biotron'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 Biotron Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 40.62 | |||
| Value At Risk | (11.65) | |||
| Potential Upside | 10.91 |
Biotron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biotron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biotron's standard deviation. In reality, there are many statistical measures that can use Biotron historical prices to predict the future Biotron's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | (1.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biotron'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.
Biotron Limited Backtested Returns
Biotron appears to be out of control, given 3 months investment horizon. Biotron Limited secures Sharpe Ratio (or Efficiency) of 0.0374, which signifies that the company had a 0.0374% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Biotron Limited, which you can use to evaluate the volatility of the firm. Please makes use of Biotron's Standard Deviation of 6.02, mean deviation of 2.56, and Risk Adjusted Performance of (0) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Biotron holds a performance score of 2. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Biotron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biotron is expected to be smaller as well. Please check Biotron's variance, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to make a quick decision on whether Biotron's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Biotron Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Biotron time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Biotron Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Biotron 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 |
Biotron Limited lagged returns against current returns
Autocorrelation, which is Biotron 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 Biotron's pink sheet expected returns. We can calculate the autocorrelation of Biotron returns to help us make a trade decision. For example, suppose you find that Biotron 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 |
Biotron 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 Biotron pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biotron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biotron pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Biotron Lagged Returns
When evaluating Biotron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biotron pink sheet have on its future price. Biotron 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, Biotron autocorrelation shows the relationship between Biotron pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Biotron Limited.
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 Biotron 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, Biotron's short interest history, or implied volatility extrapolated from Biotron options trading.
Pair Trading with Biotron
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 Biotron 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 Biotron will appreciate offsetting losses from the drop in the long position's value.Moving against Biotron Pink Sheet
| 0.63 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.6 | SLF | Sun Life Financial Financial Report 9th of May 2024 | PairCorr |
| 0.59 | NVO | Novo Nordisk AS Financial Report 2nd of May 2024 | PairCorr |
| 0.59 | NONOF | Novo Nordisk AS | PairCorr |
| 0.46 | TSM | Taiwan Semiconductor Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Biotron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biotron 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 Biotron - 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 Biotron Limited to buy it.
The correlation of Biotron 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 Biotron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biotron Limited 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 Biotron 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 Biotron Correlation, Biotron Volatility and Biotron Alpha and Beta module to complement your research on Biotron. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Biotron Pink Sheet analysis
When running Biotron's price analysis, check to measure Biotron'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 Biotron is operating at the current time. Most of Biotron's value examination focuses on studying past and present price action to predict the probability of Biotron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotron's price. Additionally, you may evaluate how the addition of Biotron to your portfolios can decrease your overall portfolio volatility.
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Biotron 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.