Bio-Techne Corp (Germany) Market Value
| TE1 Stock | 69.00 0.00 0.00% |
| Symbol | Bio-Techne |
Bio-Techne Corp '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 Corp'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 Corp.
| 01/13/2023 |
| 01/02/2025 |
If you would invest 0.00 in Bio-Techne Corp on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Bio Techne Corp or generate 0.0% return on investment in Bio-Techne Corp over 720 days. Bio-Techne Corp is related to or competes with TFS FINANCIAL, Gol Intelligent, SBM OFFSHORE, United Airlines, Ameriprise Financial, Mizuho Financial, and Eidesvik Offshore. More
Bio-Techne Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 10.44 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 3.57 |
Bio-Techne Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bio-Techne Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bio-Techne Corp's standard deviation. In reality, there are many statistical measures that can use Bio-Techne Corp historical prices to predict the future Bio-Techne Corp's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.0563 | |||
| Total Risk Alpha | 0.0544 | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 0.2137 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bio-Techne Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bio Techne Corp Backtested Returns
Currently, Bio Techne Corp is very steady. Bio Techne Corp secures Sharpe Ratio (or Efficiency) of 0.0293, which signifies that the company had a 0.0293% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Bio Techne Corp, which you can use to evaluate the volatility of the firm. Please confirm Bio-Techne Corp's Downside Deviation of 2.65, mean deviation of 1.39, and Risk Adjusted Performance of 0.0326 to double-check if the risk estimate we provide is consistent with the expected return of 0.0581%. Bio-Techne Corp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bio-Techne Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bio-Techne Corp is expected to be smaller as well. Bio Techne Corp right now shows a risk of 1.99%. Please confirm Bio Techne Corp sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Bio Techne Corp will be following its price patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Bio Techne Corp has virtually no predictability. Overlapping area represents the amount of predictability between Bio-Techne Corp time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 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 Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Bio-Techne Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 15.54 |
Bio Techne Corp lagged returns against current returns
Autocorrelation, which is Bio-Techne Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of Bio-Techne Corp returns to help us make a trade decision. For example, suppose you find that Bio-Techne Corp 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 Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bio-Techne Corp 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 Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Bio-Techne Corp Lagged Returns
When evaluating Bio-Techne Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bio-Techne Corp stock have on its future price. Bio-Techne Corp 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 Corp autocorrelation shows the relationship between Bio-Techne Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Bio Techne Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Bio-Techne Stock Analysis
When running Bio-Techne Corp's price analysis, check to measure Bio-Techne Corp'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 Bio-Techne Corp is operating at the current time. Most of Bio-Techne Corp's value examination focuses on studying past and present price action to predict the probability of Bio-Techne Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bio-Techne Corp's price. Additionally, you may evaluate how the addition of Bio-Techne Corp to your portfolios can decrease your overall portfolio volatility.