Bactiquant (Denmark) Market Value
| BACTIQ Stock | DKK 3.80 0.24 5.94% |
| Symbol | Bactiquant |
Bactiquant '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 Bactiquant'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 Bactiquant.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Bactiquant on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Bactiquant AS or generate 0.0% return on investment in Bactiquant over 720 days. Bactiquant is related to or competes with Skjern Bank, North Media, Nordfyns Bank, PARKEN Sport, Danske Andelskassers, Nordea Bank, and Ringkjoebing Landbobank. Bactiquant AS develops and provides technology for the mobile and online surveillance of bacterial contamination levels ... More
Bactiquant 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 Bactiquant'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 Bactiquant AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 31.35 | |||
| Value At Risk | (7.08) | |||
| Potential Upside | 9.0 |
Bactiquant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bactiquant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bactiquant's standard deviation. In reality, there are many statistical measures that can use Bactiquant historical prices to predict the future Bactiquant's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (0.71) |
Bactiquant AS Backtested Returns
Bactiquant AS secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Bactiquant AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bactiquant's mean deviation of 3.68, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Bactiquant returns are very sensitive to returns on the market. As the market goes up or down, Bactiquant is expected to follow. At this point, Bactiquant AS has a negative expected return of -0.59%. Please make sure to confirm Bactiquant's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Bactiquant AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Bactiquant AS has poor reverse predictability. Overlapping area represents the amount of predictability between Bactiquant time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Bactiquant AS price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Bactiquant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 4.51 |
Bactiquant AS lagged returns against current returns
Autocorrelation, which is Bactiquant 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 Bactiquant's stock expected returns. We can calculate the autocorrelation of Bactiquant returns to help us make a trade decision. For example, suppose you find that Bactiquant 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 |
Bactiquant 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 Bactiquant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bactiquant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bactiquant stock over time.
Current vs Lagged Prices |
| Timeline |
Bactiquant Lagged Returns
When evaluating Bactiquant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bactiquant stock have on its future price. Bactiquant 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, Bactiquant autocorrelation shows the relationship between Bactiquant stock current value and its past values and can show if there is a momentum factor associated with investing in Bactiquant AS.
Regressed Prices |
| Timeline |
Pair Trading with Bactiquant
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 Bactiquant 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 Bactiquant will appreciate offsetting losses from the drop in the long position's value.Moving together with Bactiquant Stock
Moving against Bactiquant Stock
The ability to find closely correlated positions to Bactiquant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bactiquant 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 Bactiquant - 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 Bactiquant AS to buy it.
The correlation of Bactiquant 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 Bactiquant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bactiquant AS 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 Bactiquant 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.Other Information on Investing in Bactiquant Stock
Bactiquant financial ratios help investors to determine whether Bactiquant 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 Bactiquant with respect to the benefits of owning Bactiquant security.