Bloomage Biotechnology's market value is the price at which a share of Bloomage Biotechnology trades on a public exchange. It measures the collective expectations of Bloomage Biotechnology Corp investors about its performance. Bloomage Biotechnology is trading at 50.12 as of the 18th of January 2025, a 0.36 percent decrease since the beginning of the trading day. The stock's open price was 50.3. With this module, you can estimate the performance of a buy and hold strategy of Bloomage Biotechnology Corp and determine expected loss or profit from investing in Bloomage Biotechnology over a given investment horizon. Check out Bloomage Biotechnology Correlation, Bloomage Biotechnology Volatility and Bloomage Biotechnology Alpha and Beta module to complement your research on Bloomage Biotechnology.
Please note, there is a significant difference between Bloomage Biotechnology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bloomage Biotechnology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bloomage Biotechnology'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.
Bloomage Biotechnology '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 Bloomage Biotechnology'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 Bloomage Biotechnology.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Bloomage Biotechnology on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Bloomage Biotechnology Corp or generate 0.0% return on investment in Bloomage Biotechnology over 30 days. Bloomage Biotechnology is related to or competes with Xiangyang Automobile, Jiangsu Xinri, Anhui Jianghuai, Nuode Investment, CIMC Vehicles, Vanfund Urban, and Luyin Investment. Bloomage Biotechnology is entity of China More
Bloomage Biotechnology 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 Bloomage Biotechnology'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 Bloomage Biotechnology Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bloomage Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bloomage Biotechnology's standard deviation. In reality, there are many statistical measures that can use Bloomage Biotechnology historical prices to predict the future Bloomage Biotechnology's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bloomage Biotechnology. Your research has to be compared to or analyzed against Bloomage Biotechnology's peers to derive any actionable benefits. When done correctly, Bloomage Biotechnology'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 Bloomage Biotechnology.
Bloomage Biotechnology Backtested Returns
Bloomage Biotechnology secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Bloomage Biotechnology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bloomage Biotechnology's Risk Adjusted Performance of (0.06), mean deviation of 1.79, and Standard Deviation of 2.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bloomage Biotechnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bloomage Biotechnology is expected to be smaller as well. At this point, Bloomage Biotechnology has a negative expected return of -0.28%. Please make sure to confirm Bloomage Biotechnology's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Bloomage Biotechnology performance from the past will be repeated at some point in the near future.
Auto-correlation
0.05
Virtually no predictability
Bloomage Biotechnology Corp has virtually no predictability. Overlapping area represents the amount of predictability between Bloomage Biotechnology time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bloomage Biotechnology price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Bloomage Biotechnology price fluctuation can be explain by its past prices.
Correlation Coefficient
0.05
Spearman Rank Test
-0.1
Residual Average
0.0
Price Variance
0.59
Bloomage Biotechnology lagged returns against current returns
Autocorrelation, which is Bloomage Biotechnology 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 Bloomage Biotechnology's stock expected returns. We can calculate the autocorrelation of Bloomage Biotechnology returns to help us make a trade decision. For example, suppose you find that Bloomage Biotechnology 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
Bloomage Biotechnology 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 Bloomage Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bloomage Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bloomage Biotechnology stock over time.
Current vs Lagged Prices
Timeline
Bloomage Biotechnology Lagged Returns
When evaluating Bloomage Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bloomage Biotechnology stock have on its future price. Bloomage Biotechnology 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, Bloomage Biotechnology autocorrelation shows the relationship between Bloomage Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in Bloomage Biotechnology Corp.
Bloomage Biotechnology financial ratios help investors to determine whether Bloomage Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bloomage with respect to the benefits of owning Bloomage Biotechnology security.