Biome Technologies (UK) Market Value
| BIOM Stock | 4.50 0.75 14.29% |
| Symbol | Biome |
Biome Technologies '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 Biome Technologies' 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 Biome Technologies.
| 12/21/2023 |
| 12/15/2024 |
If you would invest 0.00 in Biome Technologies on December 21, 2023 and sell it all today you would earn a total of 0.00 from holding Biome Technologies Plc or generate 0.0% return on investment in Biome Technologies over 360 days. Biome Technologies is related to or competes with Catalyst Media, LBG Media, Tyson Foods, Premier Foods, Axfood AB, Catena Media, and Grand Vision. Biome Technologies is entity of United Kingdom More
Biome Technologies 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 Biome Technologies' 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 Biome Technologies Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 24.29 | |||
| Value At Risk | (8.70) |
Biome Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biome Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biome Technologies' standard deviation. In reality, there are many statistical measures that can use Biome Technologies historical prices to predict the future Biome Technologies' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (1.11) |
Biome Technologies Plc Backtested Returns
Biome Technologies Plc secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Biome Technologies Plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biome Technologies' Standard Deviation of 3.54, mean deviation of 1.68, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biome Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Biome Technologies is expected to be smaller as well. At this point, Biome Technologies Plc has a negative expected return of -0.6%. Please make sure to confirm Biome Technologies' total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and value at risk , to decide if Biome Technologies Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Biome Technologies Plc has below average predictability. Overlapping area represents the amount of predictability between Biome Technologies time series from 21st of December 2023 to 18th of June 2024 and 18th of June 2024 to 15th 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 Biome Technologies Plc price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Biome Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 438.86 |
Biome Technologies Plc lagged returns against current returns
Autocorrelation, which is Biome Technologies 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 Biome Technologies' stock expected returns. We can calculate the autocorrelation of Biome Technologies returns to help us make a trade decision. For example, suppose you find that Biome Technologies 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 |
Biome Technologies 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 Biome Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biome Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biome Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Biome Technologies Lagged Returns
When evaluating Biome Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biome Technologies stock have on its future price. Biome Technologies 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, Biome Technologies autocorrelation shows the relationship between Biome Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Biome Technologies Plc.
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 Biome Stock Analysis
When running Biome Technologies' price analysis, check to measure Biome Technologies' 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 Biome Technologies is operating at the current time. Most of Biome Technologies' value examination focuses on studying past and present price action to predict the probability of Biome Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biome Technologies' price. Additionally, you may evaluate how the addition of Biome Technologies to your portfolios can decrease your overall portfolio volatility.