Biotage Ab Risk Analysis And Volatility

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BITGF -- USA Stock  

USD 12.25  0.00  0.00%

Macroaxis considers Biotage Ab slightly risky given 3 months investment horizon. Biotage Ab Ord secures Sharpe Ratio (or Efficiency) of 0.1361 which signifies that the organization had 0.1361% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-four technical indicators for Biotage Ab Ord A which you can use to evaluate future volatility of the firm. Please makes use of Biotage Ab Ord Risk Adjusted Performance of 0.0648 and Mean Deviation of 0.4323 to double-check if our risk estimates are consistent with your expectations.

90 Days Market Risk

Slightly risky

Chance of Distress

Very Small

90 Days Economic Sensitivity

Moves indifferently to market moves
Horizon     30 Days    Login   to change

Biotage Ab Market Sensitivity

As returns on market increase, returns on owning Biotage Ab are expected to decrease at a much smaller rate. During bear market, Biotage Ab is likely to outperform the market.
3 Months Beta |Analyze Biotage Ab Ord Demand Trend
Check current 30 days Biotage Ab correlation with market (DOW)
β = -0.1113

Biotage Ab Central Daily Price Deviation

Biotage Ab Ord Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Biotage Ab Ord price series. View also all equity analysis or get more info about median price price transform indicator.

Biotage Ab Projected Return Density Against Market

Assuming 30 trading days horizon, Biotage Ab Ord A has beta of -0.1113 . This suggests as returns on benchmark increase, returns on holding Biotage Ab are expected to decrease at a much smaller rate. During bear market, however, Biotage Ab Ord A is likely to outperform the market. Moreover, The company has an alpha of 0.2241 implying that it can potentially generate 0.2241% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
    
  Returns 
Assuming 30 trading days horizon, the coefficient of variation of Biotage Ab is 734.85. The daily returns are destributed with a variance of 3.89 and standard deviation of 1.97. The mean deviation of Biotage Ab Ord A is currently at 0.53. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.22
β
Beta against DOW=0.11
σ
Overall volatility
=1.97
Ir
Information ratio =0.0438

Biotage Ab Return Volatility

the firm shows 1.9713% volatility of returns over 30 trading days. the entity inherits 0.4699% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
    
  Timeline 

Biotage Ab Investment Opportunity

Biotage Ab Ord A has a volatility of 1.97 and is 4.19 times more volatile than DOW. 17  of all equities and portfolios are less risky than Biotage Ab. Compared to the overall equity markets, volatility of historical daily returns of Biotage Ab Ord A is lower than 17 () of all global equities and portfolios over the last 30 days. Use Biotage Ab Ord A to protect your portfolios against small markets fluctuations. The otc stock experiences normal downward fluctuation but is a risky buy. Check odds of Biotage Ab to be traded at $12.13 in 30 days. . As returns on market increase, returns on owning Biotage Ab are expected to decrease at a much smaller rate. During bear market, Biotage Ab is likely to outperform the market.

Biotage Ab correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Biotage Ab Ord A and equity matching DJI index in the same portfolio.

Biotage Ab Current Risk Indicators

Biotage Ab Suggested Diversification Pairs

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