Biora Therapeutics Stock Market Value
| BIOR Stock | USD 1.67 0.04 2.45% |
| Symbol | Biora |
Biora Therapeutics Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Biora Therapeutics. If investors know Biora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Biora Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.36 | Revenue Per Share 0.329 | Quarterly Revenue Growth 158 | Return On Assets (1.25) |
The market value of Biora Therapeutics is measured differently than its book value, which is the value of Biora that is recorded on the company's balance sheet. Investors also form their own opinion of Biora Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Biora Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Biora Therapeutics' market value can be influenced by many factors that don't directly affect Biora Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Biora Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Biora Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biora Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Biora Therapeutics '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 Biora Therapeutics' 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 Biora Therapeutics.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Biora Therapeutics on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Biora Therapeutics or generate 0.0% return on investment in Biora Therapeutics over 720 days. Biora Therapeutics is related to or competes with Eliem Therapeutics, HCW Biologics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. Biora Therapeutics, Inc., a biotechnology company, engages in developing oral biotherapeutics More
Biora Therapeutics 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 Biora Therapeutics' 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 Biora Therapeutics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 33.47 | |||
| Value At Risk | (13.65) | |||
| Potential Upside | 7.09 |
Biora Therapeutics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biora Therapeutics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biora Therapeutics' standard deviation. In reality, there are many statistical measures that can use Biora Therapeutics historical prices to predict the future Biora Therapeutics' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (2.05) | |||
| Total Risk Alpha | (2.86) | |||
| Treynor Ratio | (1.11) |
Biora Therapeutics Backtested Returns
Biora Therapeutics secures Sharpe Ratio (or Efficiency) of -0.3, which signifies that the company had a -0.3% return per unit of risk over the last 3 months. Biora Therapeutics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biora Therapeutics' Risk Adjusted Performance of (0.21), mean deviation of 4.55, and Standard Deviation of 6.39 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.67, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Biora Therapeutics will likely underperform. At this point, Biora Therapeutics has a negative expected return of -1.94%. Please make sure to confirm Biora Therapeutics' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Biora Therapeutics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Biora Therapeutics has average predictability. Overlapping area represents the amount of predictability between Biora Therapeutics time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Biora Therapeutics price movement. The serial correlation of 0.47 indicates that about 47.0% of current Biora Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 9.11 |
Biora Therapeutics lagged returns against current returns
Autocorrelation, which is Biora Therapeutics 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 Biora Therapeutics' stock expected returns. We can calculate the autocorrelation of Biora Therapeutics returns to help us make a trade decision. For example, suppose you find that Biora Therapeutics 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 |
Biora Therapeutics 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 Biora Therapeutics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biora Therapeutics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biora Therapeutics stock over time.
Current vs Lagged Prices |
| Timeline |
Biora Therapeutics Lagged Returns
When evaluating Biora Therapeutics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biora Therapeutics stock have on its future price. Biora Therapeutics 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, Biora Therapeutics autocorrelation shows the relationship between Biora Therapeutics stock current value and its past values and can show if there is a momentum factor associated with investing in Biora Therapeutics.
Regressed Prices |
| Timeline |
Pair Trading with Biora Therapeutics
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Biora Therapeutics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Biora Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving together with Biora Stock
| 0.61 | A | Agilent Technologies Earnings Call Tomorrow | PairCorr |
| 0.85 | ME | 23Andme Holding | PairCorr |
| 0.83 | VALN | Valneva SE ADR | PairCorr |
| 0.85 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Biora Stock
| 0.65 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.5 | KZR | Kezar Life Sciences | PairCorr |
| 0.44 | RNXT | RenovoRx | PairCorr |
| 0.41 | MLYS | Mineralys Therapeutics, | PairCorr |
The ability to find closely correlated positions to Biora Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biora Therapeutics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Biora Therapeutics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Biora Therapeutics to buy it.
The correlation of Biora Therapeutics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Biora Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biora Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Biora Therapeutics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Biora Stock Analysis
When running Biora Therapeutics' price analysis, check to measure Biora Therapeutics' 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 Biora Therapeutics is operating at the current time. Most of Biora Therapeutics' value examination focuses on studying past and present price action to predict the probability of Biora Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biora Therapeutics' price. Additionally, you may evaluate how the addition of Biora Therapeutics to your portfolios can decrease your overall portfolio volatility.