BIONTECH (Brazil) Market Value
| B1NT34 Stock | BRL 39.44 0.80 2.07% |
| Symbol | BIONTECH |
BIONTECH '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 BIONTECH'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 BIONTECH.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in BIONTECH on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding BIONTECH SE DRN or generate 0.0% return on investment in BIONTECH over 720 days. BIONTECH is related to or competes with Fras Le, BTG Pactual, Telefonaktiebolaget, Cable One, Randon SA, and Alphabet. More
BIONTECH 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 BIONTECH'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 BIONTECH SE DRN upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0957 | |||
| Maximum Drawdown | 24.83 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.57 |
BIONTECH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIONTECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIONTECH's standard deviation. In reality, there are many statistical measures that can use BIONTECH historical prices to predict the future BIONTECH's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.4683 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1203 | |||
| Treynor Ratio | (2.07) |
BIONTECH SE DRN Backtested Returns
BIONTECH appears to be not too volatile, given 3 months investment horizon. BIONTECH SE DRN secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By reviewing BIONTECH's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of BIONTECH's mean deviation of 2.25, and Risk Adjusted Performance of 0.1039 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BIONTECH holds a performance score of 10. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BIONTECH are expected to decrease at a much lower rate. During the bear market, BIONTECH is likely to outperform the market. Please check BIONTECH's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether BIONTECH's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
BIONTECH SE DRN has poor reverse predictability. Overlapping area represents the amount of predictability between BIONTECH time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 BIONTECH SE DRN price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current BIONTECH price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 19.43 |
BIONTECH SE DRN lagged returns against current returns
Autocorrelation, which is BIONTECH 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 BIONTECH's stock expected returns. We can calculate the autocorrelation of BIONTECH returns to help us make a trade decision. For example, suppose you find that BIONTECH 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 |
BIONTECH 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 BIONTECH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIONTECH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIONTECH stock over time.
Current vs Lagged Prices |
| Timeline |
BIONTECH Lagged Returns
When evaluating BIONTECH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIONTECH stock have on its future price. BIONTECH 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, BIONTECH autocorrelation shows the relationship between BIONTECH stock current value and its past values and can show if there is a momentum factor associated with investing in BIONTECH SE DRN.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in BIONTECH Stock
BIONTECH financial ratios help investors to determine whether BIONTECH 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 BIONTECH with respect to the benefits of owning BIONTECH security.