Oncolytics Biotech Stock Statistic Functions Beta

ONC Stock  CAD 1.23  0.02  1.60%   
Oncolytics Biotech statistic functions tool provides the execution environment for running the Beta function and other technical functions against Oncolytics Biotech. Oncolytics Biotech value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Oncolytics Biotech statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was sixty with a total number of output elements of one. The Beta measures systematic risk based on how returns on Oncolytics Biotech correlated with the market. If Beta is less than 0 Oncolytics Biotech generally moves in the opposite direction as compared to the market. If Oncolytics Biotech Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Oncolytics Biotech is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Oncolytics Biotech is generally in the same direction as the market. If Beta > 1 Oncolytics Biotech moves generally in the same direction as, but more than the movement of the benchmark.

Oncolytics Biotech Technical Analysis Modules

Most technical analysis of Oncolytics Biotech help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Oncolytics from various momentum indicators to cycle indicators. When you analyze Oncolytics charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Oncolytics Biotech Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oncolytics Biotech. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oncolytics Biotech based on widely used predictive technical indicators. In general, we focus on analyzing Oncolytics Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oncolytics Biotech's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Oncolytics Biotech's intrinsic value. In addition to deriving basic predictive indicators for Oncolytics Biotech, we also check how macroeconomic factors affect Oncolytics Biotech price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Net Debt To EBITDA1.021.52
Intangibles To Total Assets0.01490.0141
Hype
Prediction
LowEstimatedHigh
0.061.236.46
Details
Intrinsic
Valuation
LowRealHigh
0.061.176.40
Details
Naive
Forecast
LowNextHigh
0.021.126.36
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.12-0.11-0.11
Details

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When determining whether Oncolytics Biotech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oncolytics Biotech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oncolytics Biotech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oncolytics Biotech Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oncolytics Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Oncolytics Stock, please use our How to Invest in Oncolytics Biotech guide.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Please note, there is a significant difference between Oncolytics Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oncolytics Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oncolytics Biotech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.