Biotage AB (Sweden) Market Value
| BIOT Stock | SEK 155.00 3.90 2.58% |
| Symbol | Biotage |
Biotage AB '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 Biotage AB'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 Biotage AB.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Biotage AB on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Biotage AB or generate 0.0% return on investment in Biotage AB over 570 days. Biotage AB is related to or competes with Orexo AB, and Anoto Group. Biotage AB , a life science company, provides solutions, knowledge, and experience in the areas of organic and analytica... More
Biotage AB 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 Biotage AB'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 Biotage AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.07 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 2.78 |
Biotage AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biotage AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biotage AB's standard deviation. In reality, there are many statistical measures that can use Biotage AB historical prices to predict the future Biotage AB's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.52) |
Biotage AB Backtested Returns
Biotage AB secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Biotage AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biotage AB's Risk Adjusted Performance of (0.11), standard deviation of 2.03, and Mean Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biotage AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biotage AB is expected to be smaller as well. At this point, Biotage AB has a negative expected return of -0.33%. Please make sure to confirm Biotage AB's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Biotage AB performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Biotage AB has modest reverse predictability. Overlapping area represents the amount of predictability between Biotage AB time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 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 Biotage AB price movement. The serial correlation of -0.47 indicates that about 47.0% of current Biotage AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 139.99 |
Biotage AB lagged returns against current returns
Autocorrelation, which is Biotage AB 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 Biotage AB's stock expected returns. We can calculate the autocorrelation of Biotage AB returns to help us make a trade decision. For example, suppose you find that Biotage AB 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 |
Biotage AB 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 Biotage AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biotage AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biotage AB stock over time.
Current vs Lagged Prices |
| Timeline |
Biotage AB Lagged Returns
When evaluating Biotage AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biotage AB stock have on its future price. Biotage AB 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, Biotage AB autocorrelation shows the relationship between Biotage AB stock current value and its past values and can show if there is a momentum factor associated with investing in Biotage AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Biotage Stock Analysis
When running Biotage AB's price analysis, check to measure Biotage AB's 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 Biotage AB is operating at the current time. Most of Biotage AB's value examination focuses on studying past and present price action to predict the probability of Biotage AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotage AB's price. Additionally, you may evaluate how the addition of Biotage AB to your portfolios can decrease your overall portfolio volatility.