Biotalys (Belgium) Market Value
| BTLS Stock | 2.84 0.05 1.73% |
| Symbol | Biotalys |
Biotalys '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 Biotalys' 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 Biotalys.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Biotalys on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Biotalys NV or generate 0.0% return on investment in Biotalys over 30 days. Biotalys is related to or competes with Melexis NV, Nextensa, Titan Cement, Sequana Medical, Ageas SANV, and KBC Ancora. More
Biotalys 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 Biotalys' 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 Biotalys NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 3.69 |
Biotalys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biotalys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biotalys' standard deviation. In reality, there are many statistical measures that can use Biotalys historical prices to predict the future Biotalys' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.09) |
Biotalys NV Backtested Returns
Biotalys NV secures Sharpe Ratio (or Efficiency) of -0.0578, which signifies that the company had a -0.0578% return per unit of risk over the last 3 months. Biotalys NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biotalys' Standard Deviation of 1.78, mean deviation of 1.3, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biotalys' returns are expected to increase less than the market. However, during the bear market, the loss of holding Biotalys is expected to be smaller as well. At this point, Biotalys NV has a negative expected return of -0.1%. Please make sure to confirm Biotalys' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Biotalys NV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Biotalys NV has virtually no predictability. Overlapping area represents the amount of predictability between Biotalys time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Biotalys NV price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Biotalys price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biotalys NV lagged returns against current returns
Autocorrelation, which is Biotalys 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 Biotalys' stock expected returns. We can calculate the autocorrelation of Biotalys returns to help us make a trade decision. For example, suppose you find that Biotalys 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 |
Biotalys 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 Biotalys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biotalys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biotalys stock over time.
Current vs Lagged Prices |
| Timeline |
Biotalys Lagged Returns
When evaluating Biotalys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biotalys stock have on its future price. Biotalys 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, Biotalys autocorrelation shows the relationship between Biotalys stock current value and its past values and can show if there is a momentum factor associated with investing in Biotalys NV.
Regressed Prices |
| Timeline |
Pair Trading with Biotalys
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Biotalys position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Biotalys will appreciate offsetting losses from the drop in the long position's value.Moving together with Biotalys Stock
The ability to find closely correlated positions to Biotalys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biotalys when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Biotalys - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Biotalys NV to buy it.
The correlation of Biotalys is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Biotalys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biotalys NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Biotalys can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Biotalys Stock Analysis
When running Biotalys' price analysis, check to measure Biotalys' 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 Biotalys is operating at the current time. Most of Biotalys' value examination focuses on studying past and present price action to predict the probability of Biotalys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biotalys' price. Additionally, you may evaluate how the addition of Biotalys to your portfolios can decrease your overall portfolio volatility.