Sangui Biotech International Stock Market Value
| SGBI Stock | USD 0 0.00 0.00% |
| Symbol | Sangui |
Sangui 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 Sangui Biotech's 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 Sangui Biotech.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Sangui Biotech on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Sangui Biotech International or generate 0.0% return on investment in Sangui Biotech over 360 days. Sangui Biotech International, Inc., through its subsidiaries, engages in the manufacturing and sales of wound treatment ... More
Sangui 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 Sangui Biotech's 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 Sangui Biotech International upside and downside potential and time the market with a certain degree of confidence.
Sangui Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sangui Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sangui Biotech's standard deviation. In reality, there are many statistical measures that can use Sangui Biotech historical prices to predict the future Sangui Biotech's volatility.Sangui Biotech Inter Backtested Returns
We have found three technical indicators for Sangui Biotech International, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sangui Biotech are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Sangui Biotech International has no correlation between past and present. Overlapping area represents the amount of predictability between Sangui Biotech time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd 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 Sangui Biotech Inter price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sangui Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sangui Biotech Inter lagged returns against current returns
Autocorrelation, which is Sangui Biotech 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 Sangui Biotech's pink sheet expected returns. We can calculate the autocorrelation of Sangui Biotech returns to help us make a trade decision. For example, suppose you find that Sangui Biotech 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 |
Sangui 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 Sangui Biotech pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sangui Biotech pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sangui Biotech pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sangui Biotech Lagged Returns
When evaluating Sangui Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sangui Biotech pink sheet have on its future price. Sangui 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, Sangui Biotech autocorrelation shows the relationship between Sangui Biotech pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sangui Biotech International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sangui Pink Sheet
Sangui Biotech financial ratios help investors to determine whether Sangui 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 Sangui with respect to the benefits of owning Sangui Biotech security.