Biofarm Bucure (Romania) Market Value
| BIO Stock | 0.74 0.02 2.78% |
| Symbol | Biofarm |
Please note, there is a significant difference between Biofarm Bucure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biofarm Bucure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biofarm Bucure'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.
Biofarm Bucure '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 Biofarm Bucure'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 Biofarm Bucure.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Biofarm Bucure on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Biofarm Bucure or generate 0.0% return on investment in Biofarm Bucure over 90 days. More
Biofarm Bucure 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 Biofarm Bucure'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 Biofarm Bucure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.83 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.35 |
Biofarm Bucure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biofarm Bucure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biofarm Bucure's standard deviation. In reality, there are many statistical measures that can use Biofarm Bucure historical prices to predict the future Biofarm Bucure's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 1.4 |
Biofarm Bucure Backtested Returns
Biofarm Bucure secures Sharpe Ratio (or Efficiency) of -0.0843, which signifies that the company had a -0.0843% return per unit of risk over the last 3 months. Biofarm Bucure exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biofarm Bucure's Mean Deviation of 0.6875, risk adjusted performance of (0.04), and Standard Deviation of 1.13 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0597, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Biofarm Bucure are expected to decrease at a much lower rate. During the bear market, Biofarm Bucure is likely to outperform the market. At this point, Biofarm Bucure has a negative expected return of -0.0957%. Please make sure to confirm Biofarm Bucure's treynor ratio and the relationship between the skewness and day typical price , to decide if Biofarm Bucure performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Biofarm Bucure has good predictability. Overlapping area represents the amount of predictability between Biofarm Bucure 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 Biofarm Bucure price movement. The serial correlation of 0.77 indicates that around 77.0% of current Biofarm Bucure price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biofarm Bucure lagged returns against current returns
Autocorrelation, which is Biofarm Bucure 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 Biofarm Bucure's stock expected returns. We can calculate the autocorrelation of Biofarm Bucure returns to help us make a trade decision. For example, suppose you find that Biofarm Bucure 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 |
Biofarm Bucure 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 Biofarm Bucure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biofarm Bucure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biofarm Bucure stock over time.
Current vs Lagged Prices |
| Timeline |
Biofarm Bucure Lagged Returns
When evaluating Biofarm Bucure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biofarm Bucure stock have on its future price. Biofarm Bucure 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, Biofarm Bucure autocorrelation shows the relationship between Biofarm Bucure stock current value and its past values and can show if there is a momentum factor associated with investing in Biofarm Bucure.
Regressed Prices |
| Timeline |
Pair Trading with Biofarm Bucure
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Biofarm Bucure position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Biofarm Bucure will appreciate offsetting losses from the drop in the long position's value.Moving together with Biofarm Stock
The ability to find closely correlated positions to Biofarm Bucure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biofarm Bucure when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Biofarm Bucure - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Biofarm Bucure to buy it.
The correlation of Biofarm Bucure is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Biofarm Bucure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biofarm Bucure moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Biofarm Bucure can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Biofarm Stock
Biofarm Bucure financial ratios help investors to determine whether Biofarm 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 Biofarm with respect to the benefits of owning Biofarm Bucure security.