Bioharvest Sciences Stock Market Value
| CNVCF Stock | USD 6.15 0.07 1.13% |
| Symbol | Bioharvest |
Bioharvest Sciences '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 Bioharvest Sciences' otc 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 Bioharvest Sciences.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Bioharvest Sciences on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Bioharvest Sciences or generate 0.0% return on investment in Bioharvest Sciences over 390 days. BioHarvest Sciences Inc., together with its subsidiaries, offers nutraceutical super fruits and cannabis verticals in Is... More
Bioharvest Sciences 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 Bioharvest Sciences' otc 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 Bioharvest Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0266 | |||
| Maximum Drawdown | 25.87 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 5.0 |
Bioharvest Sciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bioharvest Sciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bioharvest Sciences' standard deviation. In reality, there are many statistical measures that can use Bioharvest Sciences historical prices to predict the future Bioharvest Sciences' volatility.| Risk Adjusted Performance | 0.05 | |||
| Jensen Alpha | 0.2123 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0263 | |||
| Treynor Ratio | (1.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bioharvest Sciences' 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.
Bioharvest Sciences Backtested Returns
Bioharvest Sciences appears to be moderately volatile, given 3 months investment horizon. Bioharvest Sciences secures Sharpe Ratio (or Efficiency) of 0.0584, which signifies that the company had a 0.0584% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bioharvest Sciences, which you can use to evaluate the volatility of the firm. Please makes use of Bioharvest Sciences' Risk Adjusted Performance of 0.05, downside deviation of 3.63, and Mean Deviation of 2.12 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bioharvest Sciences holds a performance score of 4. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bioharvest Sciences are expected to decrease at a much lower rate. During the bear market, Bioharvest Sciences is likely to outperform the market. Please check Bioharvest Sciences' downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Bioharvest Sciences' price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Bioharvest Sciences has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bioharvest Sciences time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Bioharvest Sciences price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Bioharvest Sciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Bioharvest Sciences lagged returns against current returns
Autocorrelation, which is Bioharvest Sciences otc 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 Bioharvest Sciences' otc stock expected returns. We can calculate the autocorrelation of Bioharvest Sciences returns to help us make a trade decision. For example, suppose you find that Bioharvest Sciences has exhibited high autocorrelation historically, and you observe that the otc 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 |
Bioharvest Sciences 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 Bioharvest Sciences otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bioharvest Sciences otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bioharvest Sciences otc stock over time.
Current vs Lagged Prices |
| Timeline |
Bioharvest Sciences Lagged Returns
When evaluating Bioharvest Sciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bioharvest Sciences otc stock have on its future price. Bioharvest Sciences 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, Bioharvest Sciences autocorrelation shows the relationship between Bioharvest Sciences otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bioharvest Sciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bioharvest OTC Stock
Bioharvest Sciences financial ratios help investors to determine whether Bioharvest OTC 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 Bioharvest with respect to the benefits of owning Bioharvest Sciences security.