Biotricity Stock Market Value
| BTCY Stock | USD 1.48 0.21 16.54% |
| Symbol | Biotricity |
Biotricity Price To Book Ratio
Is Biotricity's 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 Biotricity. If investors know Biotricity 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 Biotricity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.75) | Revenue Per Share 1.319 | Quarterly Revenue Growth 0.209 | Return On Assets (0.95) | Return On Equity (41.01) |
The market value of Biotricity is measured differently than its book value, which is the value of Biotricity that is recorded on the company's balance sheet. Investors also form their own opinion of Biotricity's value that differs from its market value or its book value, called intrinsic value, which is Biotricity's 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 Biotricity's market value can be influenced by many factors that don't directly affect Biotricity's 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 Biotricity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biotricity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biotricity'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.
Biotricity '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 Biotricity's 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 Biotricity.
| 04/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Biotricity on April 24, 2023 and sell it all today you would earn a total of 0.00 from holding Biotricity or generate 0.0% return on investment in Biotricity over 360 days. Biotricity is related to or competes with Agilent Technologies, Illumina, IDEXX Laboratories, Waters, Thermo Fisher, Mettler Toledo, and Charles River. Biotricity, Inc., a medical technology company, provides biometric data monitoring solutions primarily in the United Sta... More
Biotricity 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 Biotricity's 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 Biotricity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.85 | |||
| Information Ratio | 0.0709 | |||
| Maximum Drawdown | 48.34 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 16.52 |
Biotricity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biotricity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biotricity's standard deviation. In reality, there are many statistical measures that can use Biotricity historical prices to predict the future Biotricity's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.6463 | |||
| Total Risk Alpha | 0.035 | |||
| Sortino Ratio | 0.1 | |||
| Treynor Ratio | (1.90) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biotricity'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.
Biotricity Backtested Returns
Biotricity appears to be extremely dangerous, given 3 months investment horizon. Biotricity secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Biotricity's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please makes use of Biotricity's Mean Deviation of 5.91, risk adjusted performance of 0.0582, and Downside Deviation of 5.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Biotricity holds a performance score of 8. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Biotricity are expected to decrease at a much lower rate. During the bear market, Biotricity is likely to outperform the market. Please check Biotricity's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Biotricity's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Biotricity has weak reverse predictability. Overlapping area represents the amount of predictability between Biotricity time series from 24th of April 2023 to 21st of October 2023 and 21st of October 2023 to 18th 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 Biotricity price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Biotricity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Biotricity lagged returns against current returns
Autocorrelation, which is Biotricity 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 Biotricity's stock expected returns. We can calculate the autocorrelation of Biotricity returns to help us make a trade decision. For example, suppose you find that Biotricity has exhibited high autocorrelation historically, and you observe that the 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 |
Biotricity 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 Biotricity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biotricity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biotricity stock over time.
Current vs Lagged Prices |
| Timeline |
Biotricity Lagged Returns
When evaluating Biotricity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biotricity stock have on its future price. Biotricity 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, Biotricity autocorrelation shows the relationship between Biotricity stock current value and its past values and can show if there is a momentum factor associated with investing in Biotricity.
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 Biotricity 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, Biotricity's short interest history, or implied volatility extrapolated from Biotricity options trading.
Pair Trading with Biotricity
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 Biotricity 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 Biotricity will appreciate offsetting losses from the drop in the long position's value.Moving together with Biotricity Stock
| 0.81 | ELMD | Electromed | PairCorr |
| 0.63 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
Moving against Biotricity Stock
| 0.77 | IVP | Inspire Veterinary | PairCorr |
| 0.71 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.68 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.59 | DYNT | Dynatronics Financial Report 9th of May 2024 | PairCorr |
| 0.57 | AHG | Akso Health Group | PairCorr |
The ability to find closely correlated positions to Biotricity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biotricity 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 Biotricity - 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 Biotricity to buy it.
The correlation of Biotricity 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 Biotricity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biotricity 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 Biotricity 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 Biotricity Correlation, Biotricity Volatility and Biotricity Alpha and Beta module to complement your research on Biotricity. For more information on how to buy Biotricity Stock please use our How to Invest in Biotricity guide.Note that the Biotricity information on this page should be used as a complementary analysis to other Biotricity'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Biotricity Stock analysis
When running Biotricity's price analysis, check to measure Biotricity'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 Biotricity is operating at the current time. Most of Biotricity's value examination focuses on studying past and present price action to predict the probability of Biotricity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotricity's price. Additionally, you may evaluate how the addition of Biotricity to your portfolios can decrease your overall portfolio volatility.
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Biotricity technical 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, stock market cycles, or different charting patterns.