International Biotechnology (UK) Market Value
| IBT Stock | 694.00 8.00 1.17% |
| Symbol | International |
International Biotechnology '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 International Biotechnology'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 International Biotechnology.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in International Biotechnology on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding International Biotechnology Trust or generate 0.0% return on investment in International Biotechnology over 30 days. International Biotechnology is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, State Bank, SoftBank Group, and Reliance Industries. International Biotechnology is entity of United Kingdom More
International Biotechnology 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 International Biotechnology'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 International Biotechnology Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.2 |
International Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Biotechnology's standard deviation. In reality, there are many statistical measures that can use International Biotechnology historical prices to predict the future International Biotechnology's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0177 |
International Biotechnology Backtested Returns
At this point, International Biotechnology is very steady. International Biotechnology holds Efficiency (Sharpe) Ratio of 0.0224, which attests that the entity had a 0.0224% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for International Biotechnology, which you can use to evaluate the volatility of the firm. Please check out International Biotechnology's Market Risk Adjusted Performance of 0.0277, risk adjusted performance of 0.0194, and Downside Deviation of 1.39 to validate if the risk estimate we provide is consistent with the expected return of 0.0283%. International Biotechnology has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. International Biotechnology returns are very sensitive to returns on the market. As the market goes up or down, International Biotechnology is expected to follow. International Biotechnology right now retains a risk of 1.27%. Please check out International Biotechnology treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to decide if International Biotechnology will be following its current trending patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
International Biotechnology Trust has poor reverse predictability. Overlapping area represents the amount of predictability between International Biotechnology time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 International Biotechnology price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current International Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 442.51 |
International Biotechnology lagged returns against current returns
Autocorrelation, which is International Biotechnology 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 International Biotechnology's stock expected returns. We can calculate the autocorrelation of International Biotechnology returns to help us make a trade decision. For example, suppose you find that International Biotechnology 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 |
International Biotechnology 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 International Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Biotechnology stock over time.
Current vs Lagged Prices |
| Timeline |
International Biotechnology Lagged Returns
When evaluating International Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Biotechnology stock have on its future price. International Biotechnology 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, International Biotechnology autocorrelation shows the relationship between International Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in International Biotechnology Trust.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in International Stock
International Biotechnology financial ratios help investors to determine whether International 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 International with respect to the benefits of owning International Biotechnology security.