Brii Biosciences Limited Stock Market Value
| BRIBF Stock | USD 0.13 0.00 0.00% |
| Symbol | Brii |
Brii Biosciences '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 Brii Biosciences' pink sheet 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 Brii Biosciences.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Brii Biosciences on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Brii Biosciences Limited or generate 0.0% return on investment in Brii Biosciences over 30 days. Brii Biosciences is related to or competes with Rigel Pharmaceuticals, Geron, Verastem, Immutep, and Elevation Oncology. Brii Biosciences Limited engages in the development of medicines for the treatment of infectious and central nervous sys... More
Brii Biosciences 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 Brii Biosciences' pink sheet 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 Brii Biosciences Limited upside and downside potential and time the market with a certain degree of confidence.
Brii Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brii Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brii Biosciences' standard deviation. In reality, there are many statistical measures that can use Brii Biosciences historical prices to predict the future Brii Biosciences' volatility.Brii Biosciences Backtested Returns
We have found three technical indicators for Brii Biosciences Limited, 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 Brii Biosciences are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Brii Biosciences Limited has perfect predictability. Overlapping area represents the amount of predictability between Brii Biosciences 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 Brii Biosciences price movement. The serial correlation of 1.0 indicates that 100.0% of current Brii Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brii Biosciences lagged returns against current returns
Autocorrelation, which is Brii Biosciences pink sheet'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 Brii Biosciences' pink sheet expected returns. We can calculate the autocorrelation of Brii Biosciences returns to help us make a trade decision. For example, suppose you find that Brii Biosciences has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Brii Biosciences 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 Brii Biosciences pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brii Biosciences pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brii Biosciences pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Brii Biosciences Lagged Returns
When evaluating Brii Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brii Biosciences pink sheet have on its future price. Brii Biosciences 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, Brii Biosciences autocorrelation shows the relationship between Brii Biosciences pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Brii Biosciences Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Brii Pink Sheet
Brii Biosciences financial ratios help investors to determine whether Brii Pink Sheet 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 Brii with respect to the benefits of owning Brii Biosciences security.