Biofil Chemicals (India) Market Value
| BIOFILCHEM | 59.20 0.19 0.32% |
| Symbol | Biofil |
Biofil Chemicals '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 Biofil Chemicals' 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 Biofil Chemicals.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Biofil Chemicals on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Biofil Chemicals Pharmaceuticals or generate 0.0% return on investment in Biofil Chemicals over 420 days. Biofil Chemicals is related to or competes with State Bank, Life Insurance, HDFC Bank, ICICI Bank, and Reliance Industries. Biofil Chemicals is entity of India. It is traded as Stock on NSE exchange. More
Biofil Chemicals 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 Biofil Chemicals' 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 Biofil Chemicals Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 25.08 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 5.41 |
Biofil Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biofil Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biofil Chemicals' standard deviation. In reality, there are many statistical measures that can use Biofil Chemicals historical prices to predict the future Biofil Chemicals' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | 0.1497 |
Biofil Chemicals Pha Backtested Returns
Biofil Chemicals Pha secures Sharpe Ratio (or Efficiency) of -0.0219, which signifies that the company had a -0.0219% return per unit of risk over the last 3 months. Biofil Chemicals Pharmaceuticals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biofil Chemicals' Mean Deviation of 2.71, standard deviation of 4.14, and insignificant Risk Adjusted Performance to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Biofil Chemicals are expected to decrease at a much lower rate. During the bear market, Biofil Chemicals is likely to outperform the market. At this point, Biofil Chemicals Pha has a negative expected return of -0.0918%. Please make sure to confirm Biofil Chemicals' accumulation distribution, and the relationship between the value at risk and day typical price , to decide if Biofil Chemicals Pha performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Biofil Chemicals Pharmaceuticals has poor predictability. Overlapping area represents the amount of predictability between Biofil Chemicals time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd 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 Biofil Chemicals Pha price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Biofil Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 33.01 |
Biofil Chemicals Pha lagged returns against current returns
Autocorrelation, which is Biofil Chemicals 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 Biofil Chemicals' stock expected returns. We can calculate the autocorrelation of Biofil Chemicals returns to help us make a trade decision. For example, suppose you find that Biofil Chemicals 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 |
Biofil Chemicals 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 Biofil Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biofil Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biofil Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Biofil Chemicals Lagged Returns
When evaluating Biofil Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biofil Chemicals stock have on its future price. Biofil Chemicals 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, Biofil Chemicals autocorrelation shows the relationship between Biofil Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Biofil Chemicals Pharmaceuticals.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Biofil Stock
Biofil Chemicals financial ratios help investors to determine whether Biofil 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 Biofil with respect to the benefits of owning Biofil Chemicals security.