Bioventix (UK) Market Value
| BVXP Stock | 3,750 40.00 1.08% |
| Symbol | Bioventix |
Bioventix '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 Bioventix'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 Bioventix.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Bioventix on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bioventix or generate 0.0% return on investment in Bioventix over 90 days. Bioventix is related to or competes with JLEN Environmental, Tata Steel, Universal Display, United States, Martin Marietta, and X FAB. More
Bioventix 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 Bioventix'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 Bioventix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.82 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.33 |
Bioventix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bioventix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bioventix's standard deviation. In reality, there are many statistical measures that can use Bioventix historical prices to predict the future Bioventix's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 7.22 |
Bioventix Backtested Returns
Bioventix secures Sharpe Ratio (or Efficiency) of -0.0616, which signifies that the company had a -0.0616% return per unit of risk over the last 3 months. Bioventix exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bioventix's Standard Deviation of 2.51, risk adjusted performance of (0.04), and Mean Deviation of 1.59 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0228, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bioventix are expected to decrease at a much lower rate. During the bear market, Bioventix is likely to outperform the market. At this point, Bioventix has a negative expected return of -0.15%. Please make sure to confirm Bioventix's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Bioventix performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Bioventix has weak predictability. Overlapping area represents the amount of predictability between Bioventix time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Bioventix price movement. The serial correlation of 0.23 indicates that over 23.0% of current Bioventix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 32.4 K |
Bioventix lagged returns against current returns
Autocorrelation, which is Bioventix 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 Bioventix's stock expected returns. We can calculate the autocorrelation of Bioventix returns to help us make a trade decision. For example, suppose you find that Bioventix 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 |
Bioventix 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 Bioventix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bioventix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bioventix stock over time.
Current vs Lagged Prices |
| Timeline |
Bioventix Lagged Returns
When evaluating Bioventix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bioventix stock have on its future price. Bioventix 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, Bioventix autocorrelation shows the relationship between Bioventix stock current value and its past values and can show if there is a momentum factor associated with investing in Bioventix.
Regressed Prices |
| Timeline |
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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.Additional Tools for Bioventix Stock Analysis
When running Bioventix's price analysis, check to measure Bioventix's 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 Bioventix is operating at the current time. Most of Bioventix's value examination focuses on studying past and present price action to predict the probability of Bioventix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bioventix's price. Additionally, you may evaluate how the addition of Bioventix to your portfolios can decrease your overall portfolio volatility.