BioInvent International (Sweden) Market Value
| BINV Stock | SEK 44.20 0.30 0.68% |
| Symbol | BioInvent |
BioInvent International '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 BioInvent International'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 BioInvent International.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in BioInvent International on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding BioInvent International AB or generate 0.0% return on investment in BioInvent International over 30 days. BioInvent International is related to or competes with GomSpace Group, Hansa Biopharma, Zealand Pharma, Orphazyme. BioInvent International AB focuses on the research and development of immunomodulating antibodies for the treatment of c... More
BioInvent International 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 BioInvent International'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 BioInvent International AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.0289 | |||
| Maximum Drawdown | 22.23 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 5.99 |
BioInvent International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BioInvent International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BioInvent International's standard deviation. In reality, there are many statistical measures that can use BioInvent International historical prices to predict the future BioInvent International's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.0503 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0326 | |||
| Treynor Ratio | 0.1475 |
BioInvent International Backtested Returns
BioInvent International appears to be not too volatile, given 3 months investment horizon. BioInvent International secures Sharpe Ratio (or Efficiency) of 0.0979, which signifies that the company had a 0.0979% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BioInvent International AB, which you can use to evaluate the volatility of the firm. Please makes use of BioInvent International's Downside Deviation of 3.56, risk adjusted performance of 0.0542, and Mean Deviation of 2.79 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BioInvent International holds a performance score of 7. The firm shows a Beta (market volatility) of 1.57, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BioInvent International will likely underperform. Please check BioInvent International's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether BioInvent International's price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
BioInvent International AB has good reverse predictability. Overlapping area represents the amount of predictability between BioInvent International time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 BioInvent International price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current BioInvent International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 5.03 |
BioInvent International lagged returns against current returns
Autocorrelation, which is BioInvent International 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 BioInvent International's stock expected returns. We can calculate the autocorrelation of BioInvent International returns to help us make a trade decision. For example, suppose you find that BioInvent International 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 |
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BioInvent International 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 BioInvent International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BioInvent International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BioInvent International stock over time.
Current vs Lagged Prices |
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BioInvent International Lagged Returns
When evaluating BioInvent International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BioInvent International stock have on its future price. BioInvent International 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, BioInvent International autocorrelation shows the relationship between BioInvent International stock current value and its past values and can show if there is a momentum factor associated with investing in BioInvent International AB.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for BioInvent Stock Analysis
When running BioInvent International's price analysis, check to measure BioInvent International'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 BioInvent International is operating at the current time. Most of BioInvent International's value examination focuses on studying past and present price action to predict the probability of BioInvent International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioInvent International's price. Additionally, you may evaluate how the addition of BioInvent International to your portfolios can decrease your overall portfolio volatility.