Bioscience Animal (Thailand) Market Value
| BIS Stock | 3.36 0.10 3.07% |
| Symbol | Bioscience |
Bioscience Animal '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 Bioscience Animal'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 Bioscience Animal.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Bioscience Animal on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Bioscience Animal Health or generate 0.0% return on investment in Bioscience Animal over 30 days. Bioscience Animal is related to or competes with Kingsmen CMTI, Hydrotek Public, Karmarts Public, and KC Metalsheet. More
Bioscience Animal 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 Bioscience Animal'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 Bioscience Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.68 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.35 |
Bioscience Animal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bioscience Animal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bioscience Animal's standard deviation. In reality, there are many statistical measures that can use Bioscience Animal historical prices to predict the future Bioscience Animal's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | 0.0549 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.5617 |
Bioscience Animal Health Backtested Returns
As of now, Bioscience Stock is moderately volatile. Bioscience Animal Health secures Sharpe Ratio (or Efficiency) of 0.0061, which signifies that the company had a 0.0061% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bioscience Animal Health, which you can use to evaluate the volatility of the firm. Please confirm Bioscience Animal's Risk Adjusted Performance of 0.0341, mean deviation of 1.4, and Downside Deviation of 2.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0132%. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bioscience Animal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bioscience Animal is expected to be smaller as well. Bioscience Animal Health right now shows a risk of 2.16%. Please confirm Bioscience Animal Health total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Bioscience Animal Health will be following its price patterns.
Auto-correlation | 0.52 |
Modest predictability
Bioscience Animal Health has modest predictability. Overlapping area represents the amount of predictability between Bioscience Animal time series from 4th of November 2024 to 19th of November 2024 and 19th of November 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 Bioscience Animal Health price movement. The serial correlation of 0.52 indicates that about 52.0% of current Bioscience Animal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bioscience Animal Health lagged returns against current returns
Autocorrelation, which is Bioscience Animal 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 Bioscience Animal's stock expected returns. We can calculate the autocorrelation of Bioscience Animal returns to help us make a trade decision. For example, suppose you find that Bioscience Animal 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 |
Bioscience Animal 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 Bioscience Animal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bioscience Animal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bioscience Animal stock over time.
Current vs Lagged Prices |
| Timeline |
Bioscience Animal Lagged Returns
When evaluating Bioscience Animal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bioscience Animal stock have on its future price. Bioscience Animal 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, Bioscience Animal autocorrelation shows the relationship between Bioscience Animal stock current value and its past values and can show if there is a momentum factor associated with investing in Bioscience Animal Health.
Regressed Prices |
| Timeline |
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Bioscience Animal financial ratios help investors to determine whether Bioscience 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 Bioscience with respect to the benefits of owning Bioscience Animal security.