Unibios Holdings (Greece) Market Value
| BIOSK Stock | EUR 1.38 0.05 3.50% |
| Symbol | Unibios |
Unibios Holdings '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 Unibios Holdings' 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 Unibios Holdings.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Unibios Holdings on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Unibios Holdings SA or generate 0.0% return on investment in Unibios Holdings over 390 days. Unibios Holdings is related to or competes with National Bank, N Leventeris, Eurobank Ergasias, Alpha Trust, Thessaloniki Port, and Gr Sarantis. Unibios Holdings S.A., through its subsidiaries, develops and installs water treatment systems in Europe More
Unibios Holdings 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 Unibios Holdings' 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 Unibios Holdings SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.3 |
Unibios Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Unibios Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Unibios Holdings' standard deviation. In reality, there are many statistical measures that can use Unibios Holdings historical prices to predict the future Unibios Holdings' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 5.22 |
Unibios Holdings Backtested Returns
Unibios Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Unibios Holdings SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unibios Holdings' Coefficient Of Variation of (913.22), risk adjusted performance of (0.08), and Variance of 5.35 to confirm the risk estimate we provide. The entity has a beta of -0.0504, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Unibios Holdings are expected to decrease at a much lower rate. During the bear market, Unibios Holdings is likely to outperform the market. At this point, Unibios Holdings has a negative expected return of -0.26%. Please make sure to validate Unibios Holdings' maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Unibios Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Unibios Holdings SA has average predictability. Overlapping area represents the amount of predictability between Unibios Holdings time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Unibios Holdings price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Unibios Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Unibios Holdings lagged returns against current returns
Autocorrelation, which is Unibios Holdings 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 Unibios Holdings' stock expected returns. We can calculate the autocorrelation of Unibios Holdings returns to help us make a trade decision. For example, suppose you find that Unibios Holdings 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 |
Unibios Holdings 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 Unibios Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Unibios Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Unibios Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Unibios Holdings Lagged Returns
When evaluating Unibios Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Unibios Holdings stock have on its future price. Unibios Holdings 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, Unibios Holdings autocorrelation shows the relationship between Unibios Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Unibios Holdings SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Unibios Stock
Unibios Holdings financial ratios help investors to determine whether Unibios 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 Unibios with respect to the benefits of owning Unibios Holdings security.