Bioasis Technologies Stock Market Value
| BTI Stock | CAD 1.26 1.25 25,100% |
| Symbol | British |
biOasis Technologies Price To Book Ratio
British Amer '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 British Amer'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 British Amer.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in British Amer on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding biOasis Technologies or generate 0.0% return on investment in British Amer over 30 days. British Amer is related to or competes with Questor Technology, Richelieu Hardware, ISign Media, Cogeco Communications, Advent Wireless, Constellation Software, and Leons Furniture. Bioasis Technologies Inc., a development stage biopharmaceutical company, engages in the research and development of pro... More
British Amer 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 British Amer'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 biOasis Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 49.81 | |||
| Information Ratio | 0.2829 | |||
| Maximum Drawdown | 25599.6 | |||
| Value At Risk | (99.60) | |||
| Potential Upside | 24900.0 |
British Amer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for British Amer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as British Amer's standard deviation. In reality, there are many statistical measures that can use British Amer historical prices to predict the future British Amer's volatility.| Risk Adjusted Performance | 0.2263 | |||
| Jensen Alpha | 1914.79 | |||
| Total Risk Alpha | 776.44 | |||
| Sortino Ratio | 38.02 | |||
| Treynor Ratio | (11.66) |
biOasis Technologies Backtested Returns
British Amer is out of control given 3 months investment horizon. biOasis Technologies secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 69.36% are justified by taking the suggested risk. Use British Amer Mean Deviation of 3516.05, risk adjusted performance of 0.2263, and Downside Deviation of 49.81 to evaluate company specific risk that cannot be diversified away. British Amer holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -162.5, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning British Amer are expected to decrease by larger amounts. On the other hand, during market turmoil, British Amer is expected to outperform it. Use British Amer treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to analyze future returns on British Amer.
Auto-correlation | -0.04 |
Very weak reverse predictability
biOasis Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between British Amer time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 biOasis Technologies price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current British Amer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
biOasis Technologies lagged returns against current returns
Autocorrelation, which is British Amer 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 British Amer's stock expected returns. We can calculate the autocorrelation of British Amer returns to help us make a trade decision. For example, suppose you find that British Amer 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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British Amer 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 British Amer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if British Amer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in British Amer stock over time.
Current vs Lagged Prices |
| Timeline |
British Amer Lagged Returns
When evaluating British Amer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of British Amer stock have on its future price. British Amer 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, British Amer autocorrelation shows the relationship between British Amer stock current value and its past values and can show if there is a momentum factor associated with investing in biOasis Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for British Stock Analysis
When running British Amer's price analysis, check to measure British Amer'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 British Amer is operating at the current time. Most of British Amer's value examination focuses on studying past and present price action to predict the probability of British Amer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move British Amer's price. Additionally, you may evaluate how the addition of British Amer to your portfolios can decrease your overall portfolio volatility.