Sirona Biochem Corp Stock Market Value
| SRBCF Stock | USD 0.06 0.00 0.00% |
| Symbol | Sirona |
Sirona Biochem '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 Sirona Biochem'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 Sirona Biochem.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Sirona Biochem on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sirona Biochem Corp or generate 0.0% return on investment in Sirona Biochem over 30 days. Sirona Biochem is related to or competes with Pmv Pharmaceuticals, MediciNova, Pharvaris, PepGen, Anebulo Pharmaceuticals, Rezolute, and HCW Biologics. Sirona Biochem Corp., a cosmetic ingredient and drug discovery company, develops and sells cosmetic and pharmaceutical a... More
Sirona Biochem 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 Sirona Biochem'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 Sirona Biochem Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.08 | |||
| Information Ratio | 0.0309 | |||
| Maximum Drawdown | 46.51 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 12.64 |
Sirona Biochem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sirona Biochem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sirona Biochem's standard deviation. In reality, there are many statistical measures that can use Sirona Biochem historical prices to predict the future Sirona Biochem's volatility.| Risk Adjusted Performance | 0.0452 | |||
| Jensen Alpha | 0.3822 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | 0.0255 | |||
| Treynor Ratio | (1.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sirona Biochem'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.
Sirona Biochem Corp Backtested Returns
At this point, Sirona Biochem is out of control. Sirona Biochem Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0085, which indicates the firm had a 0.0085% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Sirona Biochem Corp, which you can use to evaluate the volatility of the company. Please validate Sirona Biochem's Coefficient Of Variation of 2108.86, risk adjusted performance of 0.0452, and Semi Deviation of 4.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.062%. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sirona Biochem are expected to decrease at a much lower rate. During the bear market, Sirona Biochem is likely to outperform the market. Sirona Biochem Corp right now has a risk of 7.28%. Please validate Sirona Biochem maximum drawdown and the relationship between the downside variance and day median price , to decide if Sirona Biochem will be following its existing price patterns.
Auto-correlation | 0.82 |
Very good predictability
Sirona Biochem Corp has very good predictability. Overlapping area represents the amount of predictability between Sirona Biochem 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 Sirona Biochem Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current Sirona Biochem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sirona Biochem Corp lagged returns against current returns
Autocorrelation, which is Sirona Biochem 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 Sirona Biochem's pink sheet expected returns. We can calculate the autocorrelation of Sirona Biochem returns to help us make a trade decision. For example, suppose you find that Sirona Biochem 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 |
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Sirona Biochem 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 Sirona Biochem pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sirona Biochem pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sirona Biochem pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sirona Biochem Lagged Returns
When evaluating Sirona Biochem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sirona Biochem pink sheet have on its future price. Sirona Biochem 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, Sirona Biochem autocorrelation shows the relationship between Sirona Biochem pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sirona Biochem Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Sirona Pink Sheet
Sirona Biochem financial ratios help investors to determine whether Sirona 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 Sirona with respect to the benefits of owning Sirona Biochem security.