Sirona Biochem Corp Stock Market Value
| SBM Stock | CAD 0.06 0.00 0.00% |
| Symbol | Sirona |
Sirona Biochem '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 Sirona Biochem'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 Sirona Biochem.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Sirona Biochem on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Sirona Biochem Corp or generate 0.0% return on investment in Sirona Biochem over 90 days. Sirona Biochem is related to or competes with Nicola Mining, Titan Mining, Zena Mining, Globex Mining, Ramp Metals, and Storage Vault. Sirona Biochem Corp. operates as a cosmetic ingredient and drug discovery company in Canada and France More
Sirona Biochem 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 Sirona Biochem'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 Sirona Biochem Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.96 | |||
| Information Ratio | 0.0341 | |||
| Maximum Drawdown | 52.08 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 18.18 |
Sirona Biochem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sirona Biochem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sirona Biochem's standard deviation. In reality, there are many statistical measures that can use Sirona Biochem historical prices to predict the future Sirona Biochem's volatility.| Risk Adjusted Performance | 0.0302 | |||
| Jensen Alpha | 0.298 | |||
| Total Risk Alpha | 1.48 | |||
| Sortino Ratio | 0.0285 | |||
| Treynor Ratio | 0.3842 |
Sirona Biochem Corp Backtested Returns
At this stage we consider Sirona Stock to be out of control. Sirona Biochem Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0162, which indicates the firm had a 0.0162 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Sirona Biochem Corp, which you can use to evaluate the volatility of the company. Please validate Sirona Biochem's Semi Deviation of 7.31, coefficient of variation of 4131.32, and Risk Adjusted Performance of 0.0302 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Sirona Biochem has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sirona Biochem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sirona Biochem is expected to be smaller as well. Sirona Biochem Corp right now has a risk of 9.21%. Please validate Sirona Biochem value at risk, as well as the relationship between the expected short fall and day median price , to decide if Sirona Biochem will be following its existing price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Sirona Biochem Corp has virtually no predictability. Overlapping area represents the amount of predictability between Sirona Biochem time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Sirona Biochem Corp price movement. The serial correlation of 0.01 indicates that just 1.0% of current Sirona Biochem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sirona Biochem Corp lagged returns against current returns
Autocorrelation, which is Sirona Biochem 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 Sirona Biochem's stock expected returns. We can calculate the autocorrelation of Sirona Biochem returns to help us make a trade decision. For example, suppose you find that Sirona Biochem 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 |
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Sirona Biochem 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 Sirona Biochem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sirona Biochem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sirona Biochem stock over time.
Current vs Lagged Prices |
| Timeline |
Sirona Biochem Lagged Returns
When evaluating Sirona Biochem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sirona Biochem stock have on its future price. Sirona Biochem 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, Sirona Biochem autocorrelation shows the relationship between Sirona Biochem stock current value and its past values and can show if there is a momentum factor associated with investing in Sirona Biochem Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Sirona Stock Analysis
When running Sirona Biochem's price analysis, check to measure Sirona Biochem's 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 Sirona Biochem is operating at the current time. Most of Sirona Biochem's value examination focuses on studying past and present price action to predict the probability of Sirona Biochem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sirona Biochem's price. Additionally, you may evaluate how the addition of Sirona Biochem to your portfolios can decrease your overall portfolio volatility.