Bio Techne (Brazil) Market Value
| T1CH34 Stock | 11.69 0.07 0.60% |
| Symbol | Bio |
Bio Techne '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 Bio Techne'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 Bio Techne.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Bio Techne on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Bio Techne or generate 0.0% return on investment in Bio Techne over 90 days. Bio Techne is related to or competes with MAHLE Metal, Lupatech, Salesforce, Technos SA, and METISA Metalrgica. More
Bio Techne 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 Bio Techne'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 Bio Techne upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 31.76 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 0.0769 |
Bio Techne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bio Techne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bio Techne's standard deviation. In reality, there are many statistical measures that can use Bio Techne historical prices to predict the future Bio Techne's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | 0.3115 | |||
| Treynor Ratio | (0.51) |
Bio Techne Backtested Returns
Bio Techne secures Sharpe Ratio (or Efficiency) of -0.33, which signifies that the company had a -0.33 % return per unit of risk over the last 3 months. Bio Techne exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bio Techne's Standard Deviation of 3.5, risk adjusted performance of (0.02), and Mean Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bio Techne's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bio Techne is expected to be smaller as well. At this point, Bio Techne has a negative expected return of -0.47%. Please make sure to confirm Bio Techne's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Bio Techne performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Bio Techne has good predictability. Overlapping area represents the amount of predictability between Bio Techne 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 Bio Techne price movement. The serial correlation of 0.73 indicates that around 73.0% of current Bio Techne price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Bio Techne lagged returns against current returns
Autocorrelation, which is Bio Techne 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 Bio Techne's stock expected returns. We can calculate the autocorrelation of Bio Techne returns to help us make a trade decision. For example, suppose you find that Bio Techne 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 |
Bio Techne 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 Bio Techne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bio Techne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bio Techne stock over time.
Current vs Lagged Prices |
| Timeline |
Bio Techne Lagged Returns
When evaluating Bio Techne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bio Techne stock have on its future price. Bio Techne 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, Bio Techne autocorrelation shows the relationship between Bio Techne stock current value and its past values and can show if there is a momentum factor associated with investing in Bio Techne.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bio Stock
Bio Techne financial ratios help investors to determine whether Bio 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 Bio with respect to the benefits of owning Bio Techne security.