Biophytis Stock Market Value
| BPTS Stock | USD 7.62 0.48 5.93% |
| Symbol | Biophytis |
Biophytis Price To Book Ratio
Is Biophytis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Biophytis. If investors know Biophytis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Biophytis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (128.39) | Return On Assets (0.53) | Return On Equity (12.44) |
The market value of Biophytis is measured differently than its book value, which is the value of Biophytis that is recorded on the company's balance sheet. Investors also form their own opinion of Biophytis' value that differs from its market value or its book value, called intrinsic value, which is Biophytis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Biophytis' market value can be influenced by many factors that don't directly affect Biophytis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Biophytis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Biophytis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biophytis' 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.
Biophytis '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 Biophytis' 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 Biophytis.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Biophytis on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Biophytis or generate 0.0% return on investment in Biophytis over 90 days. Biophytis S.A., a clinical-stage biotechnology company, focuses on the development of therapeutics that slow the degener... More
Biophytis 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 Biophytis' 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 Biophytis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 49.98 | |||
| Value At Risk | (15.34) | |||
| Potential Upside | 16.84 |
Biophytis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biophytis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biophytis' standard deviation. In reality, there are many statistical measures that can use Biophytis historical prices to predict the future Biophytis' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.18) | |||
| Total Risk Alpha | (1.73) | |||
| Treynor Ratio | (1.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biophytis' 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.
Biophytis Backtested Returns
Biophytis secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Biophytis exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biophytis' Mean Deviation of 5.89, risk adjusted performance of (0.07), and Standard Deviation of 8.89 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biophytis' returns are expected to increase less than the market. However, during the bear market, the loss of holding Biophytis is expected to be smaller as well. Biophytis has an expected return of -1.4%. Please make sure to confirm Biophytis variance, skewness, as well as the relationship between the Skewness and price action indicator , to decide if Biophytis performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Biophytis has good predictability. Overlapping area represents the amount of predictability between Biophytis time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 Biophytis price movement. The serial correlation of 0.67 indicates that around 67.0% of current Biophytis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 2.38 |
Biophytis lagged returns against current returns
Autocorrelation, which is Biophytis 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 Biophytis' stock expected returns. We can calculate the autocorrelation of Biophytis returns to help us make a trade decision. For example, suppose you find that Biophytis 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 |
Biophytis 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 Biophytis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biophytis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biophytis stock over time.
Current vs Lagged Prices |
| Timeline |
Biophytis Lagged Returns
When evaluating Biophytis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biophytis stock have on its future price. Biophytis 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, Biophytis autocorrelation shows the relationship between Biophytis stock current value and its past values and can show if there is a momentum factor associated with investing in Biophytis.
Regressed Prices |
| Timeline |
Pair Trading with Biophytis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Biophytis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Biophytis will appreciate offsetting losses from the drop in the long position's value.Moving together with Biophytis Stock
| 0.85 | DVAX | Dynavax Technologies | PairCorr |
| 0.9 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.83 | BMY | Bristol Myers Squibb | PairCorr |
| 0.8 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against Biophytis Stock
| 0.82 | BSGM | Biosig Technologies | PairCorr |
| 0.69 | AMRX | Amneal Pharmaceuticals | PairCorr |
| 0.64 | DCPH | Deciphera Pharmaceuticals | PairCorr |
| 0.62 | MRK | Merck Company Financial Report 6th of August 2024 | PairCorr |
| 0.51 | AMGN | Amgen Inc | PairCorr |
The ability to find closely correlated positions to Biophytis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biophytis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Biophytis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Biophytis to buy it.
The correlation of Biophytis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Biophytis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biophytis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Biophytis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Biophytis Correlation, Biophytis Volatility and Biophytis Alpha and Beta module to complement your research on Biophytis. For more information on how to buy Biophytis Stock please use our How to Invest in Biophytis guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Biophytis Stock analysis
When running Biophytis' price analysis, check to measure Biophytis' 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 Biophytis is operating at the current time. Most of Biophytis' value examination focuses on studying past and present price action to predict the probability of Biophytis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biophytis' price. Additionally, you may evaluate how the addition of Biophytis to your portfolios can decrease your overall portfolio volatility.
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Biophytis technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.