Biora Therapeutics Stock Market Value
| BIOR Stock | USD 0.22 0.00 0.00% |
| Symbol | Biora |
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' 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 Biora Therapeutics.
| 01/16/2024 |
| 01/05/2026 |
If you would invest 0.00 in Biora Therapeutics on January 16, 2024 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 Chia Tai, Orgenesis, International Stem, and Epigenomics. 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' 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 Biora Therapeutics upside and downside potential and time the market with a certain degree of confidence.
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.Biora Therapeutics Backtested Returns
We have found three technical indicators for Biora Therapeutics, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Biora Therapeutics are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Biora Therapeutics has no correlation between past and present. Overlapping area represents the amount of predictability between Biora Therapeutics time series from 16th of January 2024 to 10th of January 2025 and 10th of January 2025 to 5th of January 2026. 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 0.0 indicates that just 0.0% of current Biora Therapeutics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biora Therapeutics lagged returns against current returns
Autocorrelation, which is Biora Therapeutics 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 Biora Therapeutics' otc 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 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 |
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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biora Therapeutics otc 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 otc 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 otc 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 otc 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.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 OTC 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.