BioLight Life (Israel) Market Value
| BOLT Stock | ILS 338.40 0.00 0.00% |
| Symbol | BioLight |
BioLight Life '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 BioLight Life'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 BioLight Life.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in BioLight Life on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding BioLight Life Sciences or generate 0.0% return on investment in BioLight Life over 30 days. BioLight Life is related to or competes with Bonus Biogroup, and Compugen. BioLight Life Sciences Ltd., an ophthalmic company, engages in the discovery, development, and commercialization of prod... More
BioLight Life 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 BioLight Life'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 BioLight Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 5.69 |
BioLight Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BioLight Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BioLight Life's standard deviation. In reality, there are many statistical measures that can use BioLight Life historical prices to predict the future BioLight Life's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 1.77 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BioLight Life'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.
BioLight Life Sciences Backtested Returns
BioLight Life Sciences secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. BioLight Life Sciences exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BioLight Life's Standard Deviation of 3.38, mean deviation of 2.34, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BioLight Life are expected to decrease at a much lower rate. During the bear market, BioLight Life is likely to outperform the market. BioLight Life Sciences has an expected return of -0.58%. Please make sure to confirm BioLight Life Sciences information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and value at risk , to decide if BioLight Life Sciences performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.93 |
Excellent predictability
BioLight Life Sciences has excellent predictability. Overlapping area represents the amount of predictability between BioLight Life 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 BioLight Life Sciences price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current BioLight Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 195.88 |
BioLight Life Sciences lagged returns against current returns
Autocorrelation, which is BioLight Life 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 BioLight Life's stock expected returns. We can calculate the autocorrelation of BioLight Life returns to help us make a trade decision. For example, suppose you find that BioLight Life 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 |
BioLight Life 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 BioLight Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BioLight Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BioLight Life stock over time.
Current vs Lagged Prices |
| Timeline |
BioLight Life Lagged Returns
When evaluating BioLight Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BioLight Life stock have on its future price. BioLight Life 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, BioLight Life autocorrelation shows the relationship between BioLight Life stock current value and its past values and can show if there is a momentum factor associated with investing in BioLight Life Sciences.
Regressed Prices |
| Timeline |
Pair Trading with BioLight Life
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 BioLight Life 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 BioLight Life will appreciate offsetting losses from the drop in the long position's value.Moving together with BioLight Stock
| 0.76 | GIVO-L | GIVOT OLAM OIL | PairCorr |
Moving against BioLight Stock
| 0.89 | BMDX | Biomedix Incubator | PairCorr |
| 0.87 | SAFE | Safe T Group | PairCorr |
| 0.83 | DCI | Direct Capital Inves | PairCorr |
| 0.77 | MCTC | Nextage Therapeutics | PairCorr |
| 0.71 | APLY | Aerodrome Group | PairCorr |
The ability to find closely correlated positions to BioLight Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioLight Life 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 BioLight Life - 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 BioLight Life Sciences to buy it.
The correlation of BioLight Life 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 BioLight Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BioLight Life Sciences 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 BioLight Life 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 BioLight Life Correlation, BioLight Life Volatility and BioLight Life Alpha and Beta module to complement your research on BioLight Life. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for BioLight Stock analysis
When running BioLight Life's price analysis, check to measure BioLight Life'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 BioLight Life is operating at the current time. Most of BioLight Life's value examination focuses on studying past and present price action to predict the probability of BioLight Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioLight Life's price. Additionally, you may evaluate how the addition of BioLight Life to your portfolios can decrease your overall portfolio volatility.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
BioLight Life 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.