Bioatlainc Stock Market Value

BCAB Stock  USD 2.35  0.11  4.91%   
BioatlaInc's market value is the price at which a share of BioatlaInc trades on a public exchange. It measures the collective expectations of BioatlaInc investors about its performance. BioatlaInc is trading at 2.35 as of the 25th of April 2024, a 4.91 percent up since the beginning of the trading day. The stock's open price was 2.24.
With this module, you can estimate the performance of a buy and hold strategy of BioatlaInc and determine expected loss or profit from investing in BioatlaInc over a given investment horizon. Check out BioatlaInc Correlation, BioatlaInc Volatility and BioatlaInc Alpha and Beta module to complement your research on BioatlaInc.
For information on how to trade BioatlaInc Stock refer to our How to Trade BioatlaInc Stock guide.
Symbol

BioatlaInc Price To Book Ratio

Is BioatlaInc'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 BioatlaInc. If investors know BioatlaInc 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 BioatlaInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.58)
Quarterly Revenue Growth
0.316
Return On Assets
(0.47)
Return On Equity
(0.98)
The market value of BioatlaInc is measured differently than its book value, which is the value of BioatlaInc that is recorded on the company's balance sheet. Investors also form their own opinion of BioatlaInc's value that differs from its market value or its book value, called intrinsic value, which is BioatlaInc'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 BioatlaInc's market value can be influenced by many factors that don't directly affect BioatlaInc'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 BioatlaInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if BioatlaInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BioatlaInc'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.

BioatlaInc '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 BioatlaInc'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 BioatlaInc.
0.00
05/06/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
04/25/2024
0.00
If you would invest  0.00  in BioatlaInc on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding BioatlaInc or generate 0.0% return on investment in BioatlaInc over 720 days. BioatlaInc is related to or competes with Terns Pharmaceuticals, Amylyx Pharmaceuticals, Acumen Pharmaceuticals, and Inozyme PharmaInc. BioAtla, Inc., a clinical stage biopharmaceutical company, develops specific and selective antibody-based therapeutics f... More

BioatlaInc 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 BioatlaInc'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 BioatlaInc upside and downside potential and time the market with a certain degree of confidence.

BioatlaInc Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BioatlaInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BioatlaInc's standard deviation. In reality, there are many statistical measures that can use BioatlaInc historical prices to predict the future BioatlaInc's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BioatlaInc'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.
Hype
Prediction
LowEstimatedHigh
0.132.5710.25
Details
Intrinsic
Valuation
LowRealHigh
0.265.2412.92
Details
5 Analysts
Consensus
LowTargetHigh
12.7414.0015.54
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.6-0.6-0.44
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BioatlaInc. Your research has to be compared to or analyzed against BioatlaInc's peers to derive any actionable benefits. When done correctly, BioatlaInc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BioatlaInc.

BioatlaInc Backtested Returns

BioatlaInc appears to be risky, given 3 months investment horizon. BioatlaInc secures Sharpe Ratio (or Efficiency) of 0.0642, which signifies that the company had a 0.0642% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BioatlaInc, which you can use to evaluate the volatility of the firm. Please makes use of BioatlaInc's Mean Deviation of 5.47, risk adjusted performance of 0.0518, and Downside Deviation of 6.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BioatlaInc holds a performance score of 5. The firm shows a Beta (market volatility) of 3.2, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BioatlaInc will likely underperform. Please check BioatlaInc's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether BioatlaInc's price patterns will revert.

Auto-correlation

    
  -0.66  

Very good reverse predictability

BioatlaInc has very good reverse predictability. Overlapping area represents the amount of predictability between BioatlaInc time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 BioatlaInc price movement. The serial correlation of -0.66 indicates that around 66.0% of current BioatlaInc price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.46

BioatlaInc lagged returns against current returns

Autocorrelation, which is BioatlaInc 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 BioatlaInc's stock expected returns. We can calculate the autocorrelation of BioatlaInc returns to help us make a trade decision. For example, suppose you find that BioatlaInc 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  

BioatlaInc 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 BioatlaInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BioatlaInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BioatlaInc stock over time.
   Current vs Lagged Prices   
       Timeline  

BioatlaInc Lagged Returns

When evaluating BioatlaInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BioatlaInc stock have on its future price. BioatlaInc 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, BioatlaInc autocorrelation shows the relationship between BioatlaInc stock current value and its past values and can show if there is a momentum factor associated with investing in BioatlaInc.
   Regressed Prices   
       Timeline  

Pair Trading with BioatlaInc

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 BioatlaInc 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 BioatlaInc will appreciate offsetting losses from the drop in the long position's value.

Moving together with BioatlaInc Stock

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Moving against BioatlaInc Stock

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The ability to find closely correlated positions to BioatlaInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioatlaInc 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 BioatlaInc - 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 BioatlaInc to buy it.
The correlation of BioatlaInc 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 BioatlaInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BioatlaInc 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 BioatlaInc 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.
Pair CorrelationCorrelation Matching
When determining whether BioatlaInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BioatlaInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bioatlainc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bioatlainc Stock:
Check out BioatlaInc Correlation, BioatlaInc Volatility and BioatlaInc Alpha and Beta module to complement your research on BioatlaInc.
For information on how to trade BioatlaInc Stock refer to our How to Trade BioatlaInc Stock guide.
Note that the BioatlaInc information on this page should be used as a complementary analysis to other BioatlaInc'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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When running BioatlaInc's price analysis, check to measure BioatlaInc'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 BioatlaInc is operating at the current time. Most of BioatlaInc's value examination focuses on studying past and present price action to predict the probability of BioatlaInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioatlaInc's price. Additionally, you may evaluate how the addition of BioatlaInc to your portfolios can decrease your overall portfolio volatility.
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BioatlaInc 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.
A focus of BioatlaInc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BioatlaInc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...