Biovica International (Sweden) Market Value
| BIOVIC-B | SEK 2.02 0.15 8.02% |
| Symbol | Biovica |
Biovica International '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 Biovica International'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 Biovica International.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Biovica International on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Biovica International AB or generate 0.0% return on investment in Biovica International over 510 days. Biovica International is related to or competes with Bavarian Nordic, BioPorto, Zaptec AS, and CBrain AS. Biovica International AB , a biotech company, develops and commercializes blood-based biomarker assays that enhance the ... More
Biovica International 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 Biovica International'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 Biovica International AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 26.96 | |||
| Value At Risk | (5.74) | |||
| Potential Upside | 7.35 |
Biovica International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biovica International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biovica International's standard deviation. In reality, there are many statistical measures that can use Biovica International historical prices to predict the future Biovica International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 0.3711 |
Biovica International Backtested Returns
Biovica International secures Sharpe Ratio (or Efficiency) of -0.0504, which signifies that the company had a -0.0504% return per unit of risk over the last 3 months. Biovica International AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biovica International's Standard Deviation of 4.52, risk adjusted performance of (0.04), and Mean Deviation of 3.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Biovica International are expected to decrease at a much lower rate. During the bear market, Biovica International is likely to outperform the market. At this point, Biovica International has a negative expected return of -0.23%. Please make sure to confirm Biovica International's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Biovica International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Biovica International AB has poor reverse predictability. Overlapping area represents the amount of predictability between Biovica International time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Biovica International price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Biovica International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Biovica International lagged returns against current returns
Autocorrelation, which is Biovica International 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 Biovica International's stock expected returns. We can calculate the autocorrelation of Biovica International returns to help us make a trade decision. For example, suppose you find that Biovica International 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 |
Biovica International 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 Biovica International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biovica International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biovica International stock over time.
Current vs Lagged Prices |
| Timeline |
Biovica International Lagged Returns
When evaluating Biovica International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biovica International stock have on its future price. Biovica International 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, Biovica International autocorrelation shows the relationship between Biovica International stock current value and its past values and can show if there is a momentum factor associated with investing in Biovica International AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Biovica Stock
Biovica International financial ratios help investors to determine whether Biovica 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 Biovica with respect to the benefits of owning Biovica International security.