Bio Techne (Brazil) Market Value
| T1CH34 Stock | 13.44 1.06 7.31% |
| Symbol | Bio |
Bio Techne '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 Bio Techne'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 Bio Techne.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Bio Techne on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Bio Techne or generate 0.0% return on investment in Bio Techne over 30 days. Bio Techne is related to or competes with Fras Le, BTG Pactual, Telefonaktiebolaget, Cable One, Randon SA, and Alphabet. More
Bio Techne 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 Bio Techne'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 Bio Techne upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.95 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.48 |
Bio Techne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bio Techne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bio Techne's standard deviation. In reality, there are many statistical measures that can use Bio Techne historical prices to predict the future Bio Techne's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 8.0E-4 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1017 |
Bio Techne Backtested Returns
At this point, Bio Techne is not too volatile. Bio Techne secures Sharpe Ratio (or Efficiency) of 0.0199, which signifies that the company had a 0.0199% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bio Techne, which you can use to evaluate the volatility of the firm. Please confirm Bio Techne's Downside Deviation of 3.88, mean deviation of 1.16, and Risk Adjusted Performance of 0.0215 to double-check if the risk estimate we provide is consistent with the expected return of 0.0484%. Bio Techne has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bio Techne's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bio Techne is expected to be smaller as well. Bio Techne right now shows a risk of 2.43%. Please confirm Bio Techne treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Bio Techne will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Bio Techne has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bio Techne time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Bio Techne price movement. The serial correlation of -0.74 indicates that around 74.0% of current Bio Techne price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Bio Techne lagged returns against current returns
Autocorrelation, which is Bio Techne 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 Bio Techne's stock expected returns. We can calculate the autocorrelation of Bio Techne returns to help us make a trade decision. For example, suppose you find that Bio Techne 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 |
Bio Techne 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 Bio Techne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bio Techne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bio Techne stock over time.
Current vs Lagged Prices |
| Timeline |
Bio Techne Lagged Returns
When evaluating Bio Techne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bio Techne stock have on its future price. Bio Techne 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, Bio Techne autocorrelation shows the relationship between Bio Techne stock current value and its past values and can show if there is a momentum factor associated with investing in Bio Techne.
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 Bio Stock
Bio Techne financial ratios help investors to determine whether Bio 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 Bio with respect to the benefits of owning Bio Techne security.