What is bioAffinity Technologies Predictability Rank?
Not Rated
Warren Buffett said many times that the companies he likes are:
1. Simple businesses that he understands
2. that have predictable and proven earnings and
3. with economic moat
4. those can be bought at a reasonable price.
It is hard to quantify "simple businesses that he (Buffett) understands", so we will focus on the other three characteristics instead. In GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank, we will show that the businesses that have predictable and proven earnings are usually also simple businesses that an average person could understand.
GuruFocus conducted a back test study of Warren Buffett's strategy of "buying good companies at fair prices" for the years from 1998-2008.
bioAffinity Technologies Predictability Rank Calculation
In our database there are 2403 stocks that have been traded from Jan. 2, 1998 to Aug. 31, 2008. We have the complete 10-year financial data and trading prices of these companies for this period. We rank the predictability of these companies based on the consistency of their revenue per share and EBITDA (earning before interest, tax, depreciation and amortization) per share over the past ten fiscal years, and study the correlation between the stock performances and the predictability of the business.
Our study may be subject to these biases and assumptions:
Dividend yields are not counted for investment returns
Effects of price changes due to spin-offs may not be fully adjusted
Study is subjected to survivorship bias due to de-listing, bankruptcy, LBO, M&A, etc.
The correlation between business predictability and investment returns of a company is showed below.
Correlation Between Business Predictability and Investment Returns
| Predictables | Non-Predictable | All stocks |
|---|
| Total Number of stocks | 570 | 1833 | 2403 |
| Total Lost Money | 61 | 830 | 891 |
| Total Lost More Than 50% | 18 | 412 | 430 |
| Total Lost More Than 90% | 4 | 86 | 90 |
| Average Gain | 260.6% | 100.0% | 138.1% |
| Median Gain | 150.0% | 13.0% | 39.0% |
| Maximum Gain | 2852.0% | 11483.0% | 11483.0% |
| Maximum Loss | -100.0% | -100.0% | -100.0% |
| Annualized Average Gain | 12.7% | 6.7% | 8.4% |
| Annualized Median Gain | 8.9% | 1.1% | 3.1% |
For the 570 predictable companies, we have seen strong correlation between the predictability of businesses and the stock performances over the past 10 years, regardless of the valuation of business at 1998. Accordingly, we have ranked the business predictability from 5-star to 1-star, as shown in this table.
| Predictability Rank | 5-Star | 4.5-Star | 4-Star | 3.5-Star | 3-Star | 2.5-Star | 2-Star | 1-Star (non-predictable) | Average among all |
|---|
| % Out of All 2403 Stocks |
3.3% |
2.9% |
3.7% |
3.3% |
3.3% |
3.7% |
3.3% |
76.3% |
100% |
| % that are in Loss (10y) |
3% |
10% |
8% |
9% |
11% |
18% |
16% |
45% |
37% |
| Average Gain (10y) |
364.6% |
330.9% |
278.0% |
235.1% |
243.5% |
227.8% |
154.8% |
100.0% |
138.1% |
| Median Gain (10y) |
238.5% |
193.5% |
171.0% |
159.0% |
132.5% |
113.5% |
87.0% |
13.0% |
39.0% |
| Maximum Gainer |
2228.0% |
2547.0% |
2452.0% |
2852.0% |
2432.0% |
1892.0% |
1807.0% |
11483.0% |
11483.0% |
| Maximum Loser |
-82.0% |
-53.0% |
-67.0% |
-100.0% |
-83.0% |
-100.0% |
-78.0% |
-100.0% |
-100.0% |
| Annualized Average Gain |
15.4% |
14.6% |
13.2% |
12.0% |
12.2% |
11.7% |
9.1% |
6.7% |
8.4% |
| Annualized Median Gain |
12.1% |
10.6% |
9.8% |
9.3% |
8.2% |
7.3% |
6.0% |
1.1% |
3.1% |
For detailed information about each predictability rank, please go to GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank
Also read:
Part II: What worked in the market from 1998-2008? Part II: Role of Valuations
Part III: Intrinsic Value, Discounted Cash Flow and Margin of Safety
bioAffinity Technologies Business Description
Traded in Other Exchanges
N/A
Address
22211 W Interstate 10, Suite 1206, San Antonio, TX, USA, 78257
bioAffinity Technologies Inc addresses the need for noninvasive diagnosis of early-stage cancer and diseases of the lung and targeted cancer treatment. It develops proprietary noninvasive diagnostic tests and cancer therapeutics using technology that preferentially targets cancer cells and cell populations indicative of a diseased state. The company's product, CyPath Lung, is a noninvasive test for the detection of early-stage lung cancer.
Executives
| Roby Joyce |
director |
22211 W INTERSTATE 10, SUITE 1206, SAN ANTONIO TX 78257 |
| Xavier Trinidad Reveles |
officer: Chief Operating Officer |
22211 W INTERSTATE 10, SUITE 1206, SAN ANTONIO TX 78257 |
| Michael Philip Dougherty |
officer: Chief Financial Officer |
2934 SCATTERED OAKS ST, SAN ANTONIO TX 78232 |
| James Michael Edwards |
officer: Chief Financial Officer |
30907 KEENELAND DRIVE, FAIR OAKS RANCH TX 78015 |
| Peter S Knight |
director |
6702 STEIN CIRCLE, #642, P.O. BOX 4138, PARK CITY UT 84060 |
| Steven Girgenti |
director, officer: Executive Chairman |
C/O HEALTHWORLD CORP, 100 AVENUE OF THE AMERICAS, NEW YORK NY 10013 |
| Robert A. Anderson |
director |
70 DOPPLER, IRVINE CA 92618 |
| Gary D Rubin |
director, 10 percent owner |
2080 NW BOCA RATON BLVD, STE 2, BOCA RATON FL 33431 |
| Stuart Diamond |
director |
498 SEVENTH AVE, NEW YORK NY 10018 |
| Maria Zannes |
director, officer: President, CEO |
19702 BELLA LOMA, #6005, SAN ANTONIO TX 78256 |
| Harvey Sandler Revocable Trust |
10 percent owner |
21170 N. E. 22ND COURT, NORTH MIAMI BEACH FL 33180 |
| Mohsin Y Meghji |
director |
C/O LOUGHLIN MEGHJI + COMPANY, NEW YORK NY 10016 |
| Vivienne I Rebel |
officer: EVP, Chief Sci. & Med. Officer |
8922 APACHE TRAIL, SAN ANTONIO TX 78255 |
| Timothy P Zannes |
officer: Secretary, EVP, Gen. Counsel |
1510 VISTA LARGA CT. NE, ALBUQUERQUE NM 87106 |
| Nathan M Perlmutter |
10 percent owner |
28 PARRISH POND LANE, SOUTHAMPTON NY 11968 |
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