Biopower Operations Corp Stock Market Value
| BOPO Stock | USD 0.0001 0.00 0.00% |
| Symbol | Biopower |
Biopower Operations '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 Biopower Operations' 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 Biopower Operations.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Biopower Operations on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Biopower Operations Corp or generate 0.0% return on investment in Biopower Operations over 90 days. Biopower Operations is related to or competes with Xtra Energy, and Borealis Exploration. BioPower Operations Corporation, through its subsidiaries, focuses on operating HyFi Platform More
Biopower Operations 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 Biopower Operations' 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 Biopower Operations Corp upside and downside potential and time the market with a certain degree of confidence.
Biopower Operations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biopower Operations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biopower Operations' standard deviation. In reality, there are many statistical measures that can use Biopower Operations historical prices to predict the future Biopower Operations' volatility.Biopower Operations Corp Backtested Returns
We have found three technical indicators for Biopower Operations Corp, which you can use to evaluate the volatility of the firm. 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 Biopower Operations are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Biopower Operations Corp has perfect predictability. Overlapping area represents the amount of predictability between Biopower Operations 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 Biopower Operations Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Biopower Operations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Biopower Operations Corp lagged returns against current returns
Autocorrelation, which is Biopower Operations 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 Biopower Operations' pink sheet expected returns. We can calculate the autocorrelation of Biopower Operations returns to help us make a trade decision. For example, suppose you find that Biopower Operations 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 |
Biopower Operations 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 Biopower Operations pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biopower Operations pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biopower Operations pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Biopower Operations Lagged Returns
When evaluating Biopower Operations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biopower Operations pink sheet have on its future price. Biopower Operations 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, Biopower Operations autocorrelation shows the relationship between Biopower Operations pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Biopower Operations Corp.
Regressed Prices |
| Timeline |
Pair Trading with Biopower Operations
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 Biopower Operations 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 Biopower Operations will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Biopower Operations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biopower Operations 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 Biopower Operations - 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 Biopower Operations Corp to buy it.
The correlation of Biopower Operations 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 Biopower Operations moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biopower Operations Corp 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 Biopower Operations 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 Biopower Pink Sheet
Biopower Operations financial ratios help investors to determine whether Biopower 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 Biopower with respect to the benefits of owning Biopower Operations security.