Biovie Inc Stock Market Value
| BIVI Stock | USD 2.76 0.24 8.00% |
| Symbol | Biovie |
Biovie Inc Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Biovie. If investors know Biovie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Biovie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.08) | Return On Assets (0.67) | Return On Equity (2.08) |
The market value of Biovie Inc is measured differently than its book value, which is the value of Biovie that is recorded on the company's balance sheet. Investors also form their own opinion of Biovie's value that differs from its market value or its book value, called intrinsic value, which is Biovie's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Biovie's market value can be influenced by many factors that don't directly affect Biovie's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Biovie's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biovie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biovie's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Biovie '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 Biovie'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 Biovie.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Biovie on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Biovie Inc or generate 0.0% return on investment in Biovie over 90 days. Biovie is related to or competes with Inozyme Pharma, Day One, Terns Pharmaceuticals, Eledon Pharmaceuticals, Hookipa Pharma, X4 Pharmaceuticals, and Acumen Pharmaceuticals. BioVie Inc., a clinical stage biopharmaceutical company, engages in the discovery, development, and commercialization of... More
Biovie 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 Biovie'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 Biovie Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.46 | |||
| Information Ratio | 0.0723 | |||
| Maximum Drawdown | 133.33 | |||
| Value At Risk | (9.48) | |||
| Potential Upside | 11.91 |
Biovie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biovie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biovie's standard deviation. In reality, there are many statistical measures that can use Biovie historical prices to predict the future Biovie's volatility.| Risk Adjusted Performance | 0.0671 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | (1.34) | |||
| Sortino Ratio | 0.0981 | |||
| Treynor Ratio | (2.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biovie'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.
Biovie Inc Backtested Returns
Biovie is abnormally volatile given 3 months investment horizon. Biovie Inc secures Sharpe Ratio (or Efficiency) of 0.0606, which signifies that the company had a 0.0606% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Biovie Downside Deviation of 12.46, mean deviation of 7.66, and Risk Adjusted Performance of 0.0671 to evaluate company specific risk that cannot be diversified away. Biovie holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Biovie are expected to decrease at a much lower rate. During the bear market, Biovie is likely to outperform the market. Use Biovie semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Biovie.
Auto-correlation | -0.58 |
Good reverse predictability
Biovie Inc has good reverse predictability. Overlapping area represents the amount of predictability between Biovie time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Biovie Inc price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Biovie price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Biovie Inc lagged returns against current returns
Autocorrelation, which is Biovie 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 Biovie's stock expected returns. We can calculate the autocorrelation of Biovie returns to help us make a trade decision. For example, suppose you find that Biovie 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 |
Biovie 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 Biovie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biovie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biovie stock over time.
Current vs Lagged Prices |
| Timeline |
Biovie Lagged Returns
When evaluating Biovie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biovie stock have on its future price. Biovie 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, Biovie autocorrelation shows the relationship between Biovie stock current value and its past values and can show if there is a momentum factor associated with investing in Biovie Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Biovie Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biovie's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Biovie Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Biovie Inc Stock:Check out Biovie Correlation, Biovie Volatility and Biovie Alpha and Beta module to complement your research on Biovie. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Biovie technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.