BioLight Life (Israel) Market Value
| BOLT Stock | ILS 530.00 4.00 0.76% |
| Symbol | BioLight |
BioLight Life '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 BioLight Life'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 BioLight Life.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in BioLight Life on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding BioLight Life Sciences or generate 0.0% return on investment in BioLight Life over 30 days. BioLight Life is related to or competes with Meitav Dash, Arad Investment, GODM Investments, Aura Investments, and Amot Investments. BioLight Life Sciences Ltd., an ophthalmic company, engages in the discovery, development, and commercialization of prod... More
BioLight Life 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 BioLight Life'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 BioLight Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.48 | |||
| Information Ratio | 0.0272 | |||
| Maximum Drawdown | 48.62 | |||
| Value At Risk | (7.01) | |||
| Potential Upside | 5.49 |
BioLight Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BioLight Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BioLight Life's standard deviation. In reality, there are many statistical measures that can use BioLight Life historical prices to predict the future BioLight Life's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.1781 | |||
| Total Risk Alpha | (0.73) | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | 0.3209 |
BioLight Life Sciences Backtested Returns
BioLight Life appears to be very steady, given 3 months investment horizon. BioLight Life Sciences secures Sharpe Ratio (or Efficiency) of 0.0915, which signifies that the company had a 0.0915% return per unit of risk over the last 3 months. By analyzing BioLight Life's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of BioLight Life's Risk Adjusted Performance of 0.0466, mean deviation of 3.62, and Downside Deviation of 5.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BioLight Life holds a performance score of 7. The firm shows a Beta (market volatility) of 0.92, which signifies possible diversification benefits within a given portfolio. BioLight Life returns are very sensitive to returns on the market. As the market goes up or down, BioLight Life is expected to follow. Please check BioLight Life's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether BioLight Life's price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
BioLight Life Sciences has very weak reverse predictability. Overlapping area represents the amount of predictability between BioLight Life time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 BioLight Life Sciences price movement. The serial correlation of -0.02 indicates that only 2.0% of current BioLight Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 3568.66 |
BioLight Life Sciences lagged returns against current returns
Autocorrelation, which is BioLight Life 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 BioLight Life's stock expected returns. We can calculate the autocorrelation of BioLight Life returns to help us make a trade decision. For example, suppose you find that BioLight Life 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 |
BioLight Life 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 BioLight Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BioLight Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BioLight Life stock over time.
Current vs Lagged Prices |
| Timeline |
BioLight Life Lagged Returns
When evaluating BioLight Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BioLight Life stock have on its future price. BioLight Life 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, BioLight Life autocorrelation shows the relationship between BioLight Life stock current value and its past values and can show if there is a momentum factor associated with investing in BioLight Life Sciences.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in BioLight Stock
BioLight Life financial ratios help investors to determine whether BioLight 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 BioLight with respect to the benefits of owning BioLight Life security.