Hofseth Biocare Asa Stock Market Value
| HOFBF Stock | USD 0.17 0.00 0.00% |
| Symbol | Hofseth |
Hofseth BioCare '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 Hofseth BioCare's 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 Hofseth BioCare.
| 06/28/2025 |
| 12/25/2025 |
If you would invest 0.00 in Hofseth BioCare on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding Hofseth BioCare ASA or generate 0.0% return on investment in Hofseth BioCare over 180 days. Hofseth BioCare is related to or competes with Paradigm Biopharmaceutica, Kintor Pharmaceutical, Innate Pharma, Scancell Holdings, HLS Therapeutics, VITA 34, and Nuo Therapeutics. Hofseth BioCare ASA engages in providing value added biomarine ingredients for human and animal applications in Norway a... More
Hofseth BioCare 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 Hofseth BioCare's 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 Hofseth BioCare ASA upside and downside potential and time the market with a certain degree of confidence.
Hofseth BioCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hofseth BioCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hofseth BioCare's standard deviation. In reality, there are many statistical measures that can use Hofseth BioCare historical prices to predict the future Hofseth BioCare's volatility.Hofseth BioCare ASA Backtested Returns
We have found three technical indicators for Hofseth BioCare ASA, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Hofseth BioCare are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Hofseth BioCare ASA has no correlation between past and present. Overlapping area represents the amount of predictability between Hofseth BioCare time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hofseth BioCare ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hofseth BioCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hofseth BioCare ASA lagged returns against current returns
Autocorrelation, which is Hofseth BioCare 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 Hofseth BioCare's pink sheet expected returns. We can calculate the autocorrelation of Hofseth BioCare returns to help us make a trade decision. For example, suppose you find that Hofseth BioCare 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 |
Hofseth BioCare 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 Hofseth BioCare pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hofseth BioCare pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hofseth BioCare pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hofseth BioCare Lagged Returns
When evaluating Hofseth BioCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hofseth BioCare pink sheet have on its future price. Hofseth BioCare 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, Hofseth BioCare autocorrelation shows the relationship between Hofseth BioCare pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hofseth BioCare ASA.
Regressed Prices |
| Timeline |
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Other Information on Investing in Hofseth Pink Sheet
Hofseth BioCare financial ratios help investors to determine whether Hofseth 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 Hofseth with respect to the benefits of owning Hofseth BioCare security.