Biohit Oyj (Finland) Market Value
| BIOBV Stock | EUR 2.33 0.00 0.00% |
| Symbol | Biohit |
Biohit Oyj '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 Biohit Oyj'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 Biohit Oyj.
| 06/30/2024 |
| 12/27/2024 |
If you would invest 0.00 in Biohit Oyj on June 30, 2024 and sell it all today you would earn a total of 0.00 from holding Biohit Oyj B or generate 0.0% return on investment in Biohit Oyj over 180 days. Biohit Oyj is related to or competes with Sampo Oyj, UPM Kymmene, Wartsila Oyj, Elisa Oyj, and Kesko Oyj. Biohit Oyj, a biotechnology company, produces diagnostic tests and analysis systems for use in research institutions and... More
Biohit Oyj 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 Biohit Oyj'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 Biohit Oyj B upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0292 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 4.44 |
Biohit Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biohit Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biohit Oyj's standard deviation. In reality, there are many statistical measures that can use Biohit Oyj historical prices to predict the future Biohit Oyj's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.1078 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | 17.16 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biohit Oyj'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.
Biohit Oyj B Backtested Returns
Biohit Oyj is unstable at the moment. Biohit Oyj B secures Sharpe Ratio (or Efficiency) of 0.0269, which signifies that the company had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Biohit Oyj B, which you can use to evaluate the volatility of the firm. Please confirm Biohit Oyj's Mean Deviation of 1.7, risk adjusted performance of 0.0487, and Downside Deviation of 2.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0598%. Biohit Oyj has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0063, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Biohit Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biohit Oyj is expected to be smaller as well. Biohit Oyj B right now shows a risk of 2.22%. Please confirm Biohit Oyj B treynor ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Biohit Oyj B will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
Biohit Oyj B has modest predictability. Overlapping area represents the amount of predictability between Biohit Oyj time series from 30th of June 2024 to 28th of September 2024 and 28th of September 2024 to 27th 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 Biohit Oyj B price movement. The serial correlation of 0.53 indicates that about 53.0% of current Biohit Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Biohit Oyj B lagged returns against current returns
Autocorrelation, which is Biohit Oyj 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 Biohit Oyj's stock expected returns. We can calculate the autocorrelation of Biohit Oyj returns to help us make a trade decision. For example, suppose you find that Biohit Oyj 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 |
Biohit Oyj 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 Biohit Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biohit Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biohit Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Biohit Oyj Lagged Returns
When evaluating Biohit Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biohit Oyj stock have on its future price. Biohit Oyj 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, Biohit Oyj autocorrelation shows the relationship between Biohit Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Biohit Oyj B.
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 Biohit Stock
Biohit Oyj financial ratios help investors to determine whether Biohit 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 Biohit with respect to the benefits of owning Biohit Oyj security.