Bio Rad Laboratories Stock Market Value
| BIO Stock | USD 285.28 5.15 1.84% |
| Symbol | Bio |
Bio Rad Laboratories Price To Book Ratio
Is Bio Rad'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 Bio Rad. If investors know Bio 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 Bio Rad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Earnings Share (21.82) | Revenue Per Share 91.453 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0177 |
The market value of Bio Rad Laboratories is measured differently than its book value, which is the value of Bio that is recorded on the company's balance sheet. Investors also form their own opinion of Bio Rad's value that differs from its market value or its book value, called intrinsic value, which is Bio Rad'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 Bio Rad's market value can be influenced by many factors that don't directly affect Bio Rad'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 Bio Rad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bio Rad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bio Rad'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.
Bio Rad '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 Bio Rad'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 Bio Rad.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Bio Rad on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Bio Rad Laboratories or generate 0.0% return on investment in Bio Rad over 720 days. Bio Rad is related to or competes with Nuvation Bio, Lyell Immunopharma, Century Therapeutics, Generation BioCo, Shattuck LabsInc, Foghorn TherapeuticsInc, and Monte Rosa. Bio-Rad Laboratories, Inc. manufactures, and distributes life science research and clinical diagnostic products in the U... More
Bio Rad 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 Bio Rad'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 Bio Rad Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.74 |
Bio Rad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bio Rad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bio Rad's standard deviation. In reality, there are many statistical measures that can use Bio Rad historical prices to predict the future Bio Rad's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bio Rad'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.
Bio Rad Laboratories Backtested Returns
Bio Rad Laboratories secures Sharpe Ratio (or Efficiency) of -0.0711, which signifies that the company had a -0.0711% return per unit of risk over the last 3 months. Bio Rad Laboratories exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bio Rad's Risk Adjusted Performance of (0.03), standard deviation of 1.99, and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.81, 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, Bio Rad will likely underperform. Bio Rad Laboratories has an expected return of -0.15%. Please make sure to confirm Bio Rad Laboratories maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Bio Rad Laboratories performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Bio Rad Laboratories has good predictability. Overlapping area represents the amount of predictability between Bio Rad time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 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 Bio Rad Laboratories price movement. The serial correlation of 0.71 indicates that around 71.0% of current Bio Rad price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1447.17 |
Bio Rad Laboratories lagged returns against current returns
Autocorrelation, which is Bio Rad 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 Bio Rad's stock expected returns. We can calculate the autocorrelation of Bio Rad returns to help us make a trade decision. For example, suppose you find that Bio Rad 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 |
Bio Rad 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 Bio Rad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bio Rad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bio Rad stock over time.
Current vs Lagged Prices |
| Timeline |
Bio Rad Lagged Returns
When evaluating Bio Rad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bio Rad stock have on its future price. Bio Rad 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, Bio Rad autocorrelation shows the relationship between Bio Rad stock current value and its past values and can show if there is a momentum factor associated with investing in Bio Rad Laboratories.
Regressed Prices |
| Timeline |
Pair Trading with Bio Rad
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 Bio Rad 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 Bio Rad will appreciate offsetting losses from the drop in the long position's value.Moving together with Bio Stock
| 0.62 | BMY | Bristol Myers Squibb Earnings Call Tomorrow | PairCorr |
| 0.61 | CRL | Charles River Labora Financial Report 9th of May 2024 | PairCorr |
Moving against Bio Stock
| 0.74 | ELYM | Eliem Therapeutics | PairCorr |
The ability to find closely correlated positions to Bio Rad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bio Rad 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 Bio Rad - 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 Bio Rad Laboratories to buy it.
The correlation of Bio Rad 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 Bio Rad moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bio Rad Laboratories 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 Bio Rad 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 Bio Rad Correlation, Bio Rad Volatility and Bio Rad Alpha and Beta module to complement your research on Bio Rad. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Bio Stock analysis
When running Bio Rad's price analysis, check to measure Bio Rad'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 Bio Rad is operating at the current time. Most of Bio Rad's value examination focuses on studying past and present price action to predict the probability of Bio Rad's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bio Rad's price. Additionally, you may evaluate how the addition of Bio Rad to your portfolios can decrease your overall portfolio volatility.
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Bio Rad 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.