BIO UV (France) Market Value
| ALTUV Stock | 1.66 0.07 4.05% |
| Symbol | BIO |
BIO UV '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 BIO UV'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 BIO UV.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in BIO UV on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding BIO UV Group or generate 0.0% return on investment in BIO UV over 720 days. BIO UV is related to or competes with Veolia Environnement, Derichebourg, Groupe Pizzorno, Aurea SA, Ecoslops, and Orege Socit. More
BIO UV 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 BIO UV'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 BIO UV Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 2.97 |
BIO UV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BIO UV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BIO UV's standard deviation. In reality, there are many statistical measures that can use BIO UV historical prices to predict the future BIO UV's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.4315 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BIO UV'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.
BIO UV Group Backtested Returns
BIO UV Group secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. BIO UV Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BIO UV's mean deviation of 1.39, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BIO UV are expected to decrease at a much lower rate. During the bear market, BIO UV is likely to outperform the market. At this point, BIO UV Group has a negative expected return of -0.21%. Please make sure to confirm BIO UV's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if BIO UV Group performance from the past will be repeated in the future.
Auto-correlation | 0.78 |
Good predictability
BIO UV Group has good predictability. Overlapping area represents the amount of predictability between BIO UV time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 BIO UV Group price movement. The serial correlation of 0.78 indicates that around 78.0% of current BIO UV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
BIO UV Group lagged returns against current returns
Autocorrelation, which is BIO UV 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 BIO UV's stock expected returns. We can calculate the autocorrelation of BIO UV returns to help us make a trade decision. For example, suppose you find that BIO UV 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 |
BIO UV 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 BIO UV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BIO UV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BIO UV stock over time.
Current vs Lagged Prices |
| Timeline |
BIO UV Lagged Returns
When evaluating BIO UV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BIO UV stock have on its future price. BIO UV 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, BIO UV autocorrelation shows the relationship between BIO UV stock current value and its past values and can show if there is a momentum factor associated with investing in BIO UV Group.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for BIO Stock Analysis
When running BIO UV's price analysis, check to measure BIO UV'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 BIO UV is operating at the current time. Most of BIO UV's value examination focuses on studying past and present price action to predict the probability of BIO UV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BIO UV's price. Additionally, you may evaluate how the addition of BIO UV to your portfolios can decrease your overall portfolio volatility.