Bio Rad Laboratories Stock Market Value
BIO Stock | USD 349.56 9.04 2.65% |
Symbol | Bio |
Bio-Rad Laboratories Price To Book Ratio
Is Bio Rad's 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 Bio Rad. If investors know Bio 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 Bio Rad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Earnings Share (21.83) | Revenue Per Share 91.453 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0177 |
The market value of Bio-Rad Laboratories is measured differently than its book value, which is the value of Bio that is recorded on the company's balance sheet. Investors also form their own opinion of Bio Rad's value that differs from its market value or its book value, called intrinsic value, which is Bio Rad's 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 Bio Rad's market value can be influenced by many factors that don't directly affect Bio Rad's 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 Bio Rad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bio Rad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bio Rad's 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.
Bio Rad '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 Rad'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 Rad.
06/07/2022 |
| 03/28/2024 |
If you would invest 0.00 in Bio Rad on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Bio Rad Laboratories or generate 0.0% return on investment in Bio Rad over 660 days. Bio Rad is related to or competes with Mustang Bio, Moleculin Biotech, Seres Therapeutics, Madrigal Pharmaceuticals, Equillium, Kineta, and 23Andme Holding. Bio-Rad Laboratories, Inc. manufactures, and distributes life science research and clinical diagnostic products in the U... More
Bio Rad 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 Rad'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 Rad Laboratories upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.67 | |||
Information Ratio | 0.0093 | |||
Maximum Drawdown | 7.5 | |||
Value At Risk | (2.78) | |||
Potential Upside | 3.59 |
Bio Rad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bio Rad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bio Rad's standard deviation. In reality, there are many statistical measures that can use Bio Rad historical prices to predict the future Bio Rad's volatility.Risk Adjusted Performance | 0.0562 | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.24) | |||
Sortino Ratio | 0.0094 | |||
Treynor Ratio | 0.0815 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bio Rad'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-Rad Laboratories Backtested Returns
We consider Bio Rad very steady. Bio-Rad Laboratories secures Sharpe Ratio (or Efficiency) of 0.0831, which signifies that the company had a 0.0831% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bio Rad Laboratories, which you can use to evaluate the volatility of the firm. Please confirm Bio Rad's Downside Deviation of 1.67, risk adjusted performance of 0.0562, and Mean Deviation of 1.19 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Bio Rad has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.72, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bio Rad will likely underperform. Bio-Rad Laboratories right now shows a risk of 1.75%. Please confirm Bio-Rad Laboratories sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Bio-Rad Laboratories will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Bio Rad Laboratories has below average predictability. Overlapping area represents the amount of predictability between Bio Rad time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 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 Bio-Rad Laboratories price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Bio Rad price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.39 | |
Spearman Rank Test | 0.34 | |
Residual Average | 0.0 | |
Price Variance | 1333.37 |
Bio-Rad Laboratories lagged returns against current returns
Autocorrelation, which is Bio Rad 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 Rad's stock expected returns. We can calculate the autocorrelation of Bio Rad returns to help us make a trade decision. For example, suppose you find that Bio Rad 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 Rad 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 Rad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bio Rad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bio Rad stock over time.
Current vs Lagged Prices |
Timeline |
Bio Rad Lagged Returns
When evaluating Bio Rad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bio Rad stock have on its future price. Bio Rad 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 Rad autocorrelation shows the relationship between Bio Rad stock current value and its past values and can show if there is a momentum factor associated with investing in Bio Rad Laboratories.
Regressed Prices |
Timeline |
Bio Rad Investors Sentiment
The influence of Bio Rad's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bio. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Bio Rad's public news can be used to forecast risks associated with an investment in Bio. The trend in average sentiment can be used to explain how an investor holding Bio can time the market purely based on public headlines and social activities around Bio Rad Laboratories. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Bio Rad's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bio Rad's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bio Rad's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bio Rad.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bio Rad in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bio Rad's short interest history, or implied volatility extrapolated from Bio Rad options trading.
Pair Trading with Bio Rad
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 Bio Rad 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 Bio Rad will appreciate offsetting losses from the drop in the long position's value.Moving together with Bio Stock
0.81 | EQ | Equillium Financial Report 9th of May 2024 | PairCorr |
Moving against Bio Stock
0.69 | MCRB | Seres Therapeutics Financial Report 14th of May 2024 | PairCorr |
0.65 | KA | Kineta Inc Report 29th of March 2024 | PairCorr |
0.63 | MEIP | MEI Pharma Financial Report 9th of May 2024 | PairCorr |
0.62 | VALN | Valneva SE ADR Financial Report 2nd of May 2024 | PairCorr |
0.58 | MBIO | Mustang Bio Report 3rd of April 2024 | PairCorr |
The ability to find closely correlated positions to Bio Rad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bio Rad 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 Bio Rad - 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 Bio Rad Laboratories to buy it.
The correlation of Bio Rad 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 Bio Rad moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bio-Rad Laboratories 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 Bio Rad 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 Bio Rad Correlation, Bio Rad Volatility and Bio Rad Alpha and Beta module to complement your research on Bio Rad. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Bio Stock analysis
When running Bio Rad's price analysis, check to measure Bio Rad'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 Rad is operating at the current time. Most of Bio Rad's value examination focuses on studying past and present price action to predict the probability of Bio Rad'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 Rad's price. Additionally, you may evaluate how the addition of Bio Rad to your portfolios can decrease your overall portfolio volatility.
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Bio Rad 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.