Betterlife Pharma Stock Market Value
| BETRF Stock | USD 0.07 0.0001 0.14% |
| Symbol | BetterLife |
BetterLife Pharma '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 BetterLife Pharma's 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 BetterLife Pharma.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in BetterLife Pharma on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding BetterLife Pharma or generate 0.0% return on investment in BetterLife Pharma over 90 days. BetterLife Pharma is related to or competes with Covalon Technologies, Mosaic Immunoengineerin, and Cellectis. BetterLife Pharma Inc., a biotechnology company, engages in the development and commercialization of compounds for the t... More
BetterLife Pharma 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 BetterLife Pharma's 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 BetterLife Pharma upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.34 | |||
| Information Ratio | 0.0606 | |||
| Maximum Drawdown | 60.85 | |||
| Value At Risk | (17.98) | |||
| Potential Upside | 30.95 |
BetterLife Pharma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BetterLife Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BetterLife Pharma's standard deviation. In reality, there are many statistical measures that can use BetterLife Pharma historical prices to predict the future BetterLife Pharma's volatility.| Risk Adjusted Performance | 0.055 | |||
| Jensen Alpha | 0.6019 | |||
| Total Risk Alpha | 2.16 | |||
| Sortino Ratio | 0.0599 | |||
| Treynor Ratio | (2.49) |
BetterLife Pharma Backtested Returns
BetterLife Pharma appears to be out of control, given 3 months investment horizon. BetterLife Pharma secures Sharpe Ratio (or Efficiency) of 0.0415, which signifies that the company had a 0.0415 % return per unit of risk over the last 3 months. By analyzing BetterLife Pharma's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of BetterLife Pharma's Risk Adjusted Performance of 0.055, mean deviation of 8.1, and Downside Deviation of 12.34 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BetterLife Pharma holds a performance score of 3. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BetterLife Pharma are expected to decrease at a much lower rate. During the bear market, BetterLife Pharma is likely to outperform the market. Please check BetterLife Pharma's maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether BetterLife Pharma's price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
BetterLife Pharma has good reverse predictability. Overlapping area represents the amount of predictability between BetterLife Pharma time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BetterLife Pharma price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current BetterLife Pharma price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BetterLife Pharma lagged returns against current returns
Autocorrelation, which is BetterLife Pharma 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 BetterLife Pharma's otc stock expected returns. We can calculate the autocorrelation of BetterLife Pharma returns to help us make a trade decision. For example, suppose you find that BetterLife Pharma 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 |
BetterLife Pharma 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 BetterLife Pharma otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BetterLife Pharma otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BetterLife Pharma otc stock over time.
Current vs Lagged Prices |
| Timeline |
BetterLife Pharma Lagged Returns
When evaluating BetterLife Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BetterLife Pharma otc stock have on its future price. BetterLife Pharma 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, BetterLife Pharma autocorrelation shows the relationship between BetterLife Pharma otc stock current value and its past values and can show if there is a momentum factor associated with investing in BetterLife Pharma.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BetterLife OTC Stock
BetterLife Pharma financial ratios help investors to determine whether BetterLife 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 BetterLife with respect to the benefits of owning BetterLife Pharma security.