BICO Group (Sweden) Market Value
| BICO Stock | 34.62 0.34 0.99% |
| Symbol | BICO |
BICO 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 BICO 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 BICO Group.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in BICO Group on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding BICO Group AB or generate 0.0% return on investment in BICO Group over 180 days. BICO Group is related to or competes with Episurf Medical, KABE Group, IAR Systems, Norva24 Group, EEducation Albert, AAC Clyde, and Momentum Group. More
BICO 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 BICO 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 BICO Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 30.31 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 4.68 |
BICO Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BICO Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BICO Group's standard deviation. In reality, there are many statistical measures that can use BICO Group historical prices to predict the future BICO Group's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.69) |
BICO Group AB Backtested Returns
BICO Group AB retains Efficiency (Sharpe Ratio) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. BICO Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BICO Group's variance of 14.36, and Market Risk Adjusted Performance of (0.68) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BICO Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding BICO Group is expected to be smaller as well. At this point, BICO Group AB has a negative expected return of -0.41%. Please make sure to confirm BICO Group's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if BICO Group AB performance from the past will be repeated at some future date.
Auto-correlation | 0.24 |
Weak predictability
BICO Group AB has weak predictability. Overlapping area represents the amount of predictability between BICO Group time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 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 BICO Group AB price movement. The serial correlation of 0.24 indicates that over 24.0% of current BICO Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 16.22 |
BICO Group AB lagged returns against current returns
Autocorrelation, which is BICO 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 BICO Group's stock expected returns. We can calculate the autocorrelation of BICO Group returns to help us make a trade decision. For example, suppose you find that BICO 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 |
BICO 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 BICO Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BICO Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BICO Group stock over time.
Current vs Lagged Prices |
| Timeline |
BICO Group Lagged Returns
When evaluating BICO Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BICO Group stock have on its future price. BICO 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, BICO Group autocorrelation shows the relationship between BICO Group stock current value and its past values and can show if there is a momentum factor associated with investing in BICO Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BICO Stock Analysis
When running BICO Group's price analysis, check to measure BICO Group'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 BICO Group is operating at the current time. Most of BICO Group's value examination focuses on studying past and present price action to predict the probability of BICO Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BICO Group's price. Additionally, you may evaluate how the addition of BICO Group to your portfolios can decrease your overall portfolio volatility.