Bioatla Stock Price on May 1, 2023
If you're considering investing in Bioatla Stock, it is important to understand the factors that can impact its price. Bioatla secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Bioatla exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bioatla's Risk Adjusted Performance of (0.10), mean deviation of 5.2, and Standard Deviation of 8.08 to double-check the risk estimate we provide.
Bioatla Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Bioatla |
Sharpe Ratio = -0.1383
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Estimated Market Risk
8.08 actual daily | 71 71% of assets are less volatile |
Expected Return
-1.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bioatla is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bioatla by adding Bioatla to a well-diversified portfolio.
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.
Price Boundaries
Bioatla Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
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Bioatla December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Bioatla stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bioatla shares will generate the highest return on investment. By undertsting and applying Bioatla stock market strength indicators, traders can identify Bioatla entry and exit signals to maximize returns
Bioatla Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bioatla's price direction in advance. Along with the technical and fundamental analysis of Bioatla Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bioatla to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.10) | |||
Jensen Alpha | (1.16) | |||
Total Risk Alpha | (1.48) | |||
Treynor Ratio | (1.21) |
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Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Tools for Bioatla Stock
When running Bioatla's price analysis, check to measure Bioatla's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bioatla is operating at the current time. Most of Bioatla's value examination focuses on studying past and present price action to predict the probability of Bioatla's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bioatla's price. Additionally, you may evaluate how the addition of Bioatla to your portfolios can decrease your overall portfolio volatility.
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