PCI Biotech (Norway) Market Value

PCIB Stock  NOK 1.29  0.01  0.77%   
PCI Biotech's market value is the price at which a share of PCI Biotech trades on a public exchange. It measures the collective expectations of PCI Biotech Holding investors about its performance. PCI Biotech is selling for 1.29 as of the 16th of March 2025. This is a 0.77% down since the beginning of the trading day. The stock's lowest day price was 1.29.
With this module, you can estimate the performance of a buy and hold strategy of PCI Biotech Holding and determine expected loss or profit from investing in PCI Biotech over a given investment horizon. Check out PCI Biotech Correlation, PCI Biotech Volatility and PCI Biotech Alpha and Beta module to complement your research on PCI Biotech.
Symbol

Please note, there is a significant difference between PCI Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if PCI Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PCI Biotech'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.

PCI Biotech '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 PCI Biotech'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 PCI Biotech.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in PCI Biotech on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding PCI Biotech Holding or generate 0.0% return on investment in PCI Biotech over 90 days. PCI Biotech is related to or competes with Odfjell Drilling, Arcticzymes Technologies, SD Standard, 5Th Planet, Instabank ASA, Skue Sparebank, and Romsdal Sparebank. PCI Biotech Holding ASA, a biopharmaceutical company, focuses on the development and commercialization of novel therapie... More

PCI Biotech 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 PCI Biotech'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 PCI Biotech Holding upside and downside potential and time the market with a certain degree of confidence.

PCI Biotech Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for PCI Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PCI Biotech's standard deviation. In reality, there are many statistical measures that can use PCI Biotech historical prices to predict the future PCI Biotech's volatility.
Hype
Prediction
LowEstimatedHigh
0.061.297.29
Details
Intrinsic
Valuation
LowRealHigh
0.061.157.15
Details
Naive
Forecast
LowNextHigh
0.021.187.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.121.311.50
Details

PCI Biotech Holding Backtested Returns

PCI Biotech Holding maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the company had a close to zero % return per unit of volatility over the last 3 months. PCI Biotech Holding exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PCI Biotech's market risk adjusted performance of (1.00), and Variance of 35.81 to confirm the risk estimate we provide. The firm holds a Beta of 0.0761, which implies not very significant fluctuations relative to the market. As returns on the market increase, PCI Biotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding PCI Biotech is expected to be smaller as well. At this point, PCI Biotech Holding has a negative expected return of -0.0422%. Please make sure to check PCI Biotech's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if PCI Biotech Holding performance from the past will be repeated in the future.

Auto-correlation

    
  -0.22  

Weak reverse predictability

PCI Biotech Holding has weak reverse predictability. Overlapping area represents the amount of predictability between PCI Biotech 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 PCI Biotech Holding price movement. The serial correlation of -0.22 indicates that over 22.0% of current PCI Biotech price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test-0.26
Residual Average0.0
Price Variance0.01

PCI Biotech Holding lagged returns against current returns

Autocorrelation, which is PCI Biotech 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 PCI Biotech's stock expected returns. We can calculate the autocorrelation of PCI Biotech returns to help us make a trade decision. For example, suppose you find that PCI Biotech 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  

PCI Biotech 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 PCI Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PCI Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PCI Biotech stock over time.
   Current vs Lagged Prices   
       Timeline  

PCI Biotech Lagged Returns

When evaluating PCI Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PCI Biotech stock have on its future price. PCI Biotech 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, PCI Biotech autocorrelation shows the relationship between PCI Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in PCI Biotech Holding.
   Regressed Prices   
       Timeline  

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Other Information on Investing in PCI Stock

PCI Biotech financial ratios help investors to determine whether PCI 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 PCI with respect to the benefits of owning PCI Biotech security.