Bioelectronics Corp Stock Market Value
| BIEL Stock | USD 0.0003 0.0001 50.00% |
| Symbol | Bioelectronics |
Bioelectronics Corp '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 Bioelectronics Corp's pink sheet 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 Bioelectronics Corp.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Bioelectronics Corp on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Bioelectronics Corp or generate 0.0% return on investment in Bioelectronics Corp over 180 days. Bioelectronics Corp is related to or competes with Sonova Holding, Medtronic PLC, CONMED, Glaukos Corp, Integer Holdings, Orthopediatrics Corp, and LivaNova PLC. BioElectronics Corporation, an electroceutical company, engages in the development and sale of wearable, neuromodulation... More
Bioelectronics Corp 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 Bioelectronics Corp's pink sheet 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 Bioelectronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 31.91 | |||
| Information Ratio | 0.0678 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Bioelectronics Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bioelectronics Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bioelectronics Corp's standard deviation. In reality, there are many statistical measures that can use Bioelectronics Corp historical prices to predict the future Bioelectronics Corp's volatility.| Risk Adjusted Performance | 0.0662 | |||
| Jensen Alpha | 1.89 | |||
| Total Risk Alpha | (1.58) | |||
| Sortino Ratio | 0.0435 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bioelectronics Corp'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.
Bioelectronics Corp Backtested Returns
Bioelectronics Corp is out of control given 3 months investment horizon. Bioelectronics Corp secures Sharpe Ratio (or Efficiency) of 0.0957, which signifies that the company had a 0.0957% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.98% are justified by taking the suggested risk. Use Bioelectronics Corp Downside Deviation of 31.91, mean deviation of 11.71, and Risk Adjusted Performance of 0.0662 to evaluate company specific risk that cannot be diversified away. Bioelectronics Corp holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.36, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bioelectronics Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Bioelectronics Corp is expected to outperform it. Use Bioelectronics Corp sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to analyze future returns on Bioelectronics Corp.
Auto-correlation | -0.04 |
Very weak reverse predictability
Bioelectronics Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Bioelectronics Corp time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Bioelectronics Corp price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Bioelectronics Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bioelectronics Corp lagged returns against current returns
Autocorrelation, which is Bioelectronics Corp pink sheet'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 Bioelectronics Corp's pink sheet expected returns. We can calculate the autocorrelation of Bioelectronics Corp returns to help us make a trade decision. For example, suppose you find that Bioelectronics Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bioelectronics Corp 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 Bioelectronics Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bioelectronics Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bioelectronics Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bioelectronics Corp Lagged Returns
When evaluating Bioelectronics Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bioelectronics Corp pink sheet have on its future price. Bioelectronics Corp 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, Bioelectronics Corp autocorrelation shows the relationship between Bioelectronics Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bioelectronics Corp.
Regressed Prices |
| Timeline |
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Bioelectronics Corp financial ratios help investors to determine whether Bioelectronics Pink Sheet 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 Bioelectronics with respect to the benefits of owning Bioelectronics Corp security.