Biocorrx Stock Market Value
| BICX Stock | USD 0.30 0.06 16.67% |
| Symbol | BioCorRx |
BioCorRx '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 BioCorRx's otc 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 BioCorRx.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in BioCorRx on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding BioCorRx or generate 0.0% return on investment in BioCorRx over 540 days. BioCorRx is related to or competes with Guided Therapeutics, and Saker Aviation. BioCorRx Inc., through its subsidiaries, develops and provides treatment programs for substance abuse and related disord... More
BioCorRx 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 BioCorRx's otc 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 BioCorRx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.25 | |||
| Information Ratio | 0.0459 | |||
| Maximum Drawdown | 97.5 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 10.0 |
BioCorRx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BioCorRx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BioCorRx's standard deviation. In reality, there are many statistical measures that can use BioCorRx historical prices to predict the future BioCorRx's volatility.| Risk Adjusted Performance | 0.0528 | |||
| Jensen Alpha | 0.6065 | |||
| Total Risk Alpha | (1.40) | |||
| Sortino Ratio | 0.0272 | |||
| Treynor Ratio | 0.9086 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BioCorRx'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.
BioCorRx Backtested Returns
BioCorRx appears to be out of control, given 3 months investment horizon. BioCorRx secures Sharpe Ratio (or Efficiency) of 0.0577, which signifies that the company had a 0.0577% return per unit of risk over the last 3 months. By analyzing BioCorRx's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of BioCorRx's Risk Adjusted Performance of 0.0528, downside deviation of 21.25, and Mean Deviation of 4.81 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BioCorRx holds a performance score of 4. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BioCorRx's returns are expected to increase less than the market. However, during the bear market, the loss of holding BioCorRx is expected to be smaller as well. Please check BioCorRx's treynor ratio and the relationship between the semi variance and relative strength index , to make a quick decision on whether BioCorRx's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
BioCorRx has good predictability. Overlapping area represents the amount of predictability between BioCorRx time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 BioCorRx price movement. The serial correlation of 0.75 indicates that around 75.0% of current BioCorRx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
BioCorRx lagged returns against current returns
Autocorrelation, which is BioCorRx otc 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 BioCorRx's otc stock expected returns. We can calculate the autocorrelation of BioCorRx returns to help us make a trade decision. For example, suppose you find that BioCorRx has exhibited high autocorrelation historically, and you observe that the otc 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 |
BioCorRx 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 BioCorRx otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BioCorRx otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BioCorRx otc stock over time.
Current vs Lagged Prices |
| Timeline |
BioCorRx Lagged Returns
When evaluating BioCorRx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BioCorRx otc stock have on its future price. BioCorRx 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, BioCorRx autocorrelation shows the relationship between BioCorRx otc stock current value and its past values and can show if there is a momentum factor associated with investing in BioCorRx.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for BioCorRx OTC Stock Analysis
When running BioCorRx's price analysis, check to measure BioCorRx'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 BioCorRx is operating at the current time. Most of BioCorRx's value examination focuses on studying past and present price action to predict the probability of BioCorRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioCorRx's price. Additionally, you may evaluate how the addition of BioCorRx to your portfolios can decrease your overall portfolio volatility.