Burcon Nutrascience Stock Market Value
| BU Stock | CAD 0.12 0.01 9.09% |
| Symbol | Burcon |
Burcon NutraScience Price To Book Ratio
Burcon NutraScience '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 Burcon NutraScience'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 Burcon NutraScience.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Burcon NutraScience on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Burcon NutraScience or generate 0.0% return on investment in Burcon NutraScience over 180 days. Burcon NutraScience is related to or competes with SunOpta, and Baylin Technologies. Burcon NutraScience Corporation, together with its subsidiary, develops plant proteins and ingredients for use in the fo... More
Burcon NutraScience 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 Burcon NutraScience'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 Burcon NutraScience upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.74 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 76.96 | |||
| Value At Risk | (9.73) | |||
| Potential Upside | 9.09 |
Burcon NutraScience Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Burcon NutraScience's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Burcon NutraScience's standard deviation. In reality, there are many statistical measures that can use Burcon NutraScience historical prices to predict the future Burcon NutraScience's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | 0.1216 | |||
| Total Risk Alpha | (1.45) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Burcon NutraScience's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Burcon NutraScience Backtested Returns
Burcon NutraScience secures Sharpe Ratio (or Efficiency) of -0.0042, which signifies that the company had a -0.0042% return per unit of risk over the last 3 months. Burcon NutraScience exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Burcon NutraScience's Risk Adjusted Performance of 0.0146, downside deviation of 12.74, and Mean Deviation of 5.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Burcon NutraScience are expected to decrease at a much lower rate. During the bear market, Burcon NutraScience is likely to outperform the market. At this point, Burcon NutraScience has a negative expected return of -0.0378%. Please make sure to confirm Burcon NutraScience's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to decide if Burcon NutraScience performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Burcon NutraScience has good predictability. Overlapping area represents the amount of predictability between Burcon NutraScience time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Burcon NutraScience price movement. The serial correlation of 0.7 indicates that around 70.0% of current Burcon NutraScience price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Burcon NutraScience lagged returns against current returns
Autocorrelation, which is Burcon NutraScience 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 Burcon NutraScience's stock expected returns. We can calculate the autocorrelation of Burcon NutraScience returns to help us make a trade decision. For example, suppose you find that Burcon NutraScience 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 |
Burcon NutraScience 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 Burcon NutraScience stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Burcon NutraScience stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Burcon NutraScience stock over time.
Current vs Lagged Prices |
| Timeline |
Burcon NutraScience Lagged Returns
When evaluating Burcon NutraScience's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Burcon NutraScience stock have on its future price. Burcon NutraScience 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, Burcon NutraScience autocorrelation shows the relationship between Burcon NutraScience stock current value and its past values and can show if there is a momentum factor associated with investing in Burcon NutraScience.
Regressed Prices |
| Timeline |
Other Information on Investing in Burcon Stock
Burcon NutraScience financial ratios help investors to determine whether Burcon 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 Burcon with respect to the benefits of owning Burcon NutraScience security.