Biocartis Group (Belgium) Market Value
| BCART Stock | EUR 0.29 0.00 0.00% |
| Symbol | Biocartis |
Biocartis Group '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 Biocartis Group'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 Biocartis Group.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Biocartis Group on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Biocartis Group NV or generate 0.0% return on investment in Biocartis Group over 300 days. Biocartis Group is related to or competes with Ontex Group, Argen X, and Celyad SA. Biocartis Group NV, a molecular diagnostics company, provides diagnostic solutions enhancing clinical practice for the b... More
Biocartis Group 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 Biocartis Group'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 Biocartis Group NV upside and downside potential and time the market with a certain degree of confidence.
Biocartis Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biocartis Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biocartis Group's standard deviation. In reality, there are many statistical measures that can use Biocartis Group historical prices to predict the future Biocartis Group's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biocartis Group'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.
Biocartis Group NV Backtested Returns
We have found three technical indicators for Biocartis Group NV, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Biocartis Group are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Biocartis Group NV has perfect predictability. Overlapping area represents the amount of predictability between Biocartis Group time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Biocartis Group NV price movement. The serial correlation of 1.0 indicates that 100.0% of current Biocartis Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biocartis Group NV lagged returns against current returns
Autocorrelation, which is Biocartis Group 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 Biocartis Group's stock expected returns. We can calculate the autocorrelation of Biocartis Group returns to help us make a trade decision. For example, suppose you find that Biocartis Group 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 |
Biocartis Group 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 Biocartis Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biocartis Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biocartis Group stock over time.
Current vs Lagged Prices |
| Timeline |
Biocartis Group Lagged Returns
When evaluating Biocartis Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biocartis Group stock have on its future price. Biocartis Group 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, Biocartis Group autocorrelation shows the relationship between Biocartis Group stock current value and its past values and can show if there is a momentum factor associated with investing in Biocartis Group NV.
Regressed Prices |
| Timeline |
Other Information on Investing in Biocartis Stock
Biocartis Group financial ratios help investors to determine whether Biocartis 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 Biocartis with respect to the benefits of owning Biocartis Group security.