Biodesix Stock Market Value
| BDSX Stock | USD 1.33 0.05 3.91% |
| Symbol | Biodesix |
Biodesix Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Biodesix. If investors know Biodesix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Biodesix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Revenue Per Share 0.566 | Quarterly Revenue Growth 0.345 | Return On Assets (0.23) | Return On Equity (3.32) |
The market value of Biodesix is measured differently than its book value, which is the value of Biodesix that is recorded on the company's balance sheet. Investors also form their own opinion of Biodesix's value that differs from its market value or its book value, called intrinsic value, which is Biodesix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Biodesix's market value can be influenced by many factors that don't directly affect Biodesix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Biodesix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biodesix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biodesix'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.
Biodesix '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 Biodesix'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 Biodesix.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Biodesix on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Biodesix or generate 0.0% return on investment in Biodesix over 180 days. Biodesix is related to or competes with Aclaris Therapeutics, Castle Biosciences, Prenetics Global, DarioHealth Corp, Exagen, Neuronetics, and Fonar. Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States More
Biodesix 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 Biodesix'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 Biodesix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 29.48 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 5.66 |
Biodesix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biodesix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biodesix's standard deviation. In reality, there are many statistical measures that can use Biodesix historical prices to predict the future Biodesix's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 3.6 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biodesix'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.
Biodesix Backtested Returns
Biodesix secures Sharpe Ratio (or Efficiency) of -0.0976, which signifies that the company had a -0.0976% return per unit of risk over the last 3 months. Biodesix exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biodesix's Standard Deviation of 4.27, risk adjusted performance of (0.06), and Mean Deviation of 2.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Biodesix are expected to decrease at a much lower rate. During the bear market, Biodesix is likely to outperform the market. At this point, Biodesix has a negative expected return of -0.42%. Please make sure to confirm Biodesix's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Biodesix performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Biodesix has very good reverse predictability. Overlapping area represents the amount of predictability between Biodesix time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Biodesix price movement. The serial correlation of -0.69 indicates that around 69.0% of current Biodesix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Biodesix lagged returns against current returns
Autocorrelation, which is Biodesix 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 Biodesix's stock expected returns. We can calculate the autocorrelation of Biodesix returns to help us make a trade decision. For example, suppose you find that Biodesix 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 |
Biodesix 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 Biodesix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biodesix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biodesix stock over time.
Current vs Lagged Prices |
| Timeline |
Biodesix Lagged Returns
When evaluating Biodesix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biodesix stock have on its future price. Biodesix 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, Biodesix autocorrelation shows the relationship between Biodesix stock current value and its past values and can show if there is a momentum factor associated with investing in Biodesix.
Regressed Prices |
| Timeline |
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When running Biodesix's price analysis, check to measure Biodesix'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 Biodesix is operating at the current time. Most of Biodesix's value examination focuses on studying past and present price action to predict the probability of Biodesix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biodesix's price. Additionally, you may evaluate how the addition of Biodesix to your portfolios can decrease your overall portfolio volatility.