Bionik Laboratories Corp Stock Market Value
| BNKL Stock | USD 0.0001 0.00 0.00% |
| Symbol | Bionik |
Bionik Laboratories '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 Bionik Laboratories' pink sheet 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 Bionik Laboratories.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Bionik Laboratories on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bionik Laboratories Corp or generate 0.0% return on investment in Bionik Laboratories over 90 days. Bionik Laboratories is related to or competes with United Parks, Constellation Brands, Universal Display, Molson Coors, Monster Beverage, and Suntory Beverage. Bionik Laboratories Corp., a robotics company, engages in designing, developing, and commercializing physical rehabilita... More
Bionik Laboratories 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 Bionik Laboratories' pink sheet 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 Bionik Laboratories Corp upside and downside potential and time the market with a certain degree of confidence.
Bionik Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bionik Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bionik Laboratories' standard deviation. In reality, there are many statistical measures that can use Bionik Laboratories historical prices to predict the future Bionik Laboratories' volatility.Bionik Laboratories Corp Backtested Returns
Bionik Laboratories is out of control given 3 months investment horizon. Bionik Laboratories Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. We were able to collect data for five different technical indicators, which can help you to evaluate if expected returns of 16.39% are justified by taking the suggested risk. Use Bionik Laboratories Price Action Indicator of 1.0E-4, day median price of 1.0E-4, and Daily Balance Of Power of 9.2 T to evaluate company specific risk that cannot be diversified away. Bionik Laboratories holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Bionik Laboratories are completely uncorrelated. Use Bionik Laboratories rate of daily change , to analyze future returns on Bionik Laboratories.
Auto-correlation | 0.00 |
No correlation between past and present
Bionik Laboratories Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Bionik Laboratories 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 Bionik Laboratories Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bionik Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bionik Laboratories Corp lagged returns against current returns
Autocorrelation, which is Bionik Laboratories pink sheet'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 Bionik Laboratories' pink sheet expected returns. We can calculate the autocorrelation of Bionik Laboratories returns to help us make a trade decision. For example, suppose you find that Bionik Laboratories has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Bionik Laboratories 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 Bionik Laboratories pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bionik Laboratories pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bionik Laboratories pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bionik Laboratories Lagged Returns
When evaluating Bionik Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bionik Laboratories pink sheet have on its future price. Bionik Laboratories 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, Bionik Laboratories autocorrelation shows the relationship between Bionik Laboratories pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bionik Laboratories Corp.
Regressed Prices |
| Timeline |
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Bionik Laboratories financial ratios help investors to determine whether Bionik Pink Sheet 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 Bionik with respect to the benefits of owning Bionik Laboratories security.