Biosynex (France) Market Value
| ALBIO Stock | EUR 1.26 0.02 1.56% |
| Symbol | Biosynex |
Biosynex '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 Biosynex'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 Biosynex.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Biosynex on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Biosynex or generate 0.0% return on investment in Biosynex over 30 days. Biosynex is related to or competes with Novacyt, Eurobio Scientific, Biophytis, and Intrasense. Biosynex SA designs, manufactures, and distributes rapid diagnostic tests in France and internationally More
Biosynex 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 Biosynex'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 Biosynex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 47.91 | |||
| Value At Risk | (14.77) | |||
| Potential Upside | 12.68 |
Biosynex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biosynex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biosynex's standard deviation. In reality, there are many statistical measures that can use Biosynex historical prices to predict the future Biosynex's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 2.51 |
Biosynex Backtested Returns
Biosynex secures Sharpe Ratio (or Efficiency) of -0.0779, which signifies that the company had a -0.0779 % return per unit of risk over the last 3 months. Biosynex exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biosynex's Mean Deviation of 5.67, standard deviation of 8.15, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Biosynex are expected to decrease at a much lower rate. During the bear market, Biosynex is likely to outperform the market. At this point, Biosynex has a negative expected return of -0.65%. Please make sure to confirm Biosynex's day typical price, relative strength index, as well as the relationship between the accumulation distribution and value at risk , to decide if Biosynex performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Biosynex has excellent reverse predictability. Overlapping area represents the amount of predictability between Biosynex time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 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 Biosynex price movement. The serial correlation of -0.82 indicates that around 82.0% of current Biosynex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biosynex lagged returns against current returns
Autocorrelation, which is Biosynex 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 Biosynex's stock expected returns. We can calculate the autocorrelation of Biosynex returns to help us make a trade decision. For example, suppose you find that Biosynex 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 |
Biosynex 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 Biosynex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biosynex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biosynex stock over time.
Current vs Lagged Prices |
| Timeline |
Biosynex Lagged Returns
When evaluating Biosynex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biosynex stock have on its future price. Biosynex 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, Biosynex autocorrelation shows the relationship between Biosynex stock current value and its past values and can show if there is a momentum factor associated with investing in Biosynex.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Biosynex Stock Analysis
When running Biosynex's price analysis, check to measure Biosynex'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 Biosynex is operating at the current time. Most of Biosynex's value examination focuses on studying past and present price action to predict the probability of Biosynex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biosynex's price. Additionally, you may evaluate how the addition of Biosynex to your portfolios can decrease your overall portfolio volatility.