Biomerieux (France) Market Value
| BIM Stock | EUR 98.05 0.65 0.66% |
| Symbol | Biomerieux |
Biomerieux '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 Biomerieux'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 Biomerieux.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Biomerieux on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Biomerieux SA or generate 0.0% return on investment in Biomerieux over 510 days. Biomerieux is related to or competes with Sartorius Stedim, Teleperformance, Dassault Systemes, and Worldline. bioMrieux S.A. provides vitro diagnostic solutions systems for private and hospital laboratories, primarily for the diag... More
Biomerieux 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 Biomerieux'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 Biomerieux SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.3 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.28 |
Biomerieux Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biomerieux's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biomerieux's standard deviation. In reality, there are many statistical measures that can use Biomerieux historical prices to predict the future Biomerieux's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.49) |
Biomerieux SA Backtested Returns
Biomerieux SA secures Sharpe Ratio (or Efficiency) of -0.0739, which signifies that the company had a -0.0739% return per unit of risk over the last 3 months. Biomerieux SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biomerieux's Standard Deviation of 1.38, mean deviation of 0.9676, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Biomerieux's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biomerieux is expected to be smaller as well. At this point, Biomerieux SA has a negative expected return of -0.1%. Please make sure to confirm Biomerieux's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Biomerieux SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Biomerieux SA has good predictability. Overlapping area represents the amount of predictability between Biomerieux time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Biomerieux SA price movement. The serial correlation of 0.75 indicates that around 75.0% of current Biomerieux price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 30.98 |
Biomerieux SA lagged returns against current returns
Autocorrelation, which is Biomerieux 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 Biomerieux's stock expected returns. We can calculate the autocorrelation of Biomerieux returns to help us make a trade decision. For example, suppose you find that Biomerieux 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 |
Biomerieux 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 Biomerieux stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biomerieux stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biomerieux stock over time.
Current vs Lagged Prices |
| Timeline |
Biomerieux Lagged Returns
When evaluating Biomerieux's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biomerieux stock have on its future price. Biomerieux 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, Biomerieux autocorrelation shows the relationship between Biomerieux stock current value and its past values and can show if there is a momentum factor associated with investing in Biomerieux SA.
Regressed Prices |
| Timeline |
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Biomerieux financial ratios help investors to determine whether Biomerieux Stock 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 Biomerieux with respect to the benefits of owning Biomerieux security.