Biome Grow Stock Market Value
| BIOIF Stock | USD 0 0.00 0.00% |
| Symbol | Biome |
Biome Grow '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 Biome Grow's pink sheet 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 Biome Grow.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Biome Grow on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Biome Grow or generate 0.0% return on investment in Biome Grow over 90 days. Biome Grow is related to or competes with Hypera SA, Cumberland Pharmaceuticals, Genomma Lab, Procyon, Curaleaf Holdings, Aurora Cannabis, and Canopy Growth. Biome Grow is traded on OTC Exchange in the United States. More
Biome Grow 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 Biome Grow's pink sheet 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 Biome Grow upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 44.84 | |||
| Information Ratio | 0.076 | |||
| Maximum Drawdown | 264.86 | |||
| Value At Risk | (48.65) | |||
| Potential Upside | 21.62 |
Biome Grow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biome Grow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biome Grow's standard deviation. In reality, there are many statistical measures that can use Biome Grow historical prices to predict the future Biome Grow's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 3.42 | |||
| Total Risk Alpha | (2.32) | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | (1.57) |
Biome Grow Backtested Returns
Biome Grow is out of control given 3 months investment horizon. Biome Grow secures Sharpe Ratio (or Efficiency) of 0.093, which signifies that the company had a 0.093% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 3.8% are justified by taking the suggested risk. Use Biome Grow Mean Deviation of 15.84, risk adjusted performance of 0.0699, and Downside Deviation of 44.84 to evaluate company specific risk that cannot be diversified away. Biome Grow holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.04, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Biome Grow are expected to decrease by larger amounts. On the other hand, during market turmoil, Biome Grow is expected to outperform it. Use Biome Grow total risk alpha, downside variance, day median price, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Biome Grow.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Biome Grow has insignificant reverse predictability. Overlapping area represents the amount of predictability between Biome Grow time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Biome Grow price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Biome Grow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biome Grow lagged returns against current returns
Autocorrelation, which is Biome Grow pink sheet'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 Biome Grow's pink sheet expected returns. We can calculate the autocorrelation of Biome Grow returns to help us make a trade decision. For example, suppose you find that Biome Grow has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Biome Grow 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 Biome Grow pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biome Grow pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biome Grow pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Biome Grow Lagged Returns
When evaluating Biome Grow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biome Grow pink sheet have on its future price. Biome Grow 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, Biome Grow autocorrelation shows the relationship between Biome Grow pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Biome Grow.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Biome Pink Sheet
Biome Grow financial ratios help investors to determine whether Biome Pink Sheet 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 Biome with respect to the benefits of owning Biome Grow security.