Biofish Holding (Norway) Market Value
| BFISH Stock | 1.16 0.02 1.69% |
| Symbol | Biofish |
Biofish Holding '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 Biofish Holding'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 Biofish Holding.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Biofish Holding on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Biofish Holding AS or generate 0.0% return on investment in Biofish Holding over 30 days.
Biofish Holding 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 Biofish Holding'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 Biofish Holding AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.22 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.36 |
Biofish Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biofish Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biofish Holding's standard deviation. In reality, there are many statistical measures that can use Biofish Holding historical prices to predict the future Biofish Holding's volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0448 |
Biofish Holding AS Backtested Returns
As of now, Biofish Stock is very risky. Biofish Holding AS secures Sharpe Ratio (or Efficiency) of 0.0169, which signifies that the company had a 0.0169% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Biofish Holding AS, which you can use to evaluate the volatility of the firm. Please confirm Biofish Holding's Downside Deviation of 2.58, mean deviation of 1.48, and Risk Adjusted Performance of 0.0186 to double-check if the risk estimate we provide is consistent with the expected return of 0.0359%. Biofish Holding has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biofish Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biofish Holding is expected to be smaller as well. Biofish Holding AS right now shows a risk of 2.13%. Please confirm Biofish Holding AS sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Biofish Holding AS will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Biofish Holding AS has poor reverse predictability. Overlapping area represents the amount of predictability between Biofish Holding time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Biofish Holding AS price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Biofish Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biofish Holding AS lagged returns against current returns
Autocorrelation, which is Biofish Holding 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 Biofish Holding's stock expected returns. We can calculate the autocorrelation of Biofish Holding returns to help us make a trade decision. For example, suppose you find that Biofish Holding 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 |
Biofish Holding 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 Biofish Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biofish Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biofish Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Biofish Holding Lagged Returns
When evaluating Biofish Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biofish Holding stock have on its future price. Biofish Holding 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, Biofish Holding autocorrelation shows the relationship between Biofish Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Biofish Holding AS.
Regressed Prices |
| Timeline |
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