Bright Competitors
| DRUG Stock | USD 78.64 0.89 1.14% |
Bright Minds vs Frequency Therapeutics Correlation
Excellent diversification
The correlation between Bright Minds Biosciences and KRRO is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bright Minds Biosciences and KRRO in the same portfolio, assuming nothing else is changed.
Moving together with Bright Stock
Moving against Bright Stock
| 0.85 | IMRN | Immuron Ltd ADR | PairCorr |
| 0.83 | GNLX | Genelux Common | PairCorr |
| 0.73 | EDIT | Editas Medicine | PairCorr |
| 0.72 | EVGN | Evogene | PairCorr |
| 0.65 | QSI | QuantumSi | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bright Minds' 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.
Bright Minds Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Bright Minds and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Bright and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Bright Minds Biosciences does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bright Stock performing well and Bright Minds Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bright Minds' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LBRX | 3.84 | 0.64 | 0.14 | (1.16) | 3.61 | 9.38 | 23.59 | |||
| DSGN | 3.47 | 0.77 | 0.19 | 1.03 | 3.56 | 9.28 | 18.90 | |||
| AURA | 2.39 | (0.11) | 0.00 | (0.12) | 0.00 | 5.00 | 18.08 | |||
| ENGN | 4.46 | 0.67 | 0.16 | 0.29 | 4.23 | 11.36 | 61.40 | |||
| DMAC | 3.39 | 0.35 | 0.09 | 0.21 | 4.35 | 7.69 | 24.12 | |||
| IMAB | 4.25 | 0.40 | 0.07 | (1.24) | 4.63 | 10.53 | 33.43 | |||
| ALT | 3.99 | 0.61 | 0.11 | 0.75 | 5.08 | 9.80 | 33.75 | |||
| ANNX | 4.22 | 1.10 | 0.26 | (2.48) | 3.43 | 11.30 | 35.10 | |||
| GALT | 4.57 | (0.46) | 0.00 | 1.35 | 0.00 | 9.46 | 43.49 | |||
| KRRO | 5.24 | (0.61) | 0.00 | (0.07) | 0.00 | 12.24 | 91.55 |
Cross Equities Net Income Analysis
Compare Bright Minds Biosciences and related stocks such as LB Pharmaceuticals Common, Design Therapeutics, and Aura Biosciences Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LBRX | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (14.3 M) | (6.3 M) | (63.1 M) | (56.8 M) | (54 M) |
| DSGN | (2 M) | (2 M) | (2 M) | (2 M) | (2 M) | (2 M) | (2 M) | (2 M) | (2 M) | (2 M) | (8.3 M) | (35.5 M) | (58.6 M) | (66.9 M) | (49.6 M) | (44.6 M) | (46.9 M) |
| AURA | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (24.2 M) | (22.2 M) | (35.3 M) | (58.8 M) | (76.4 M) | (86.9 M) | (78.2 M) | (82.1 M) |
| DMAC | (640 K) | (6.6 M) | (10.1 M) | (7.4 M) | (4.8 M) | (1.4 M) | (2.2 M) | (4.3 M) | (5.7 M) | (10.6 M) | (12.3 M) | (13.6 M) | (13.7 M) | (19.4 M) | (24.4 M) | (22 M) | (20.9 M) |
| ALT | 277.3 K | (3.8 M) | (4.9 M) | (11.7 M) | (10 M) | (3.4 M) | 193.9 M | (46.4 M) | (39.2 M) | (20.5 M) | (49 M) | (97.1 M) | (84.7 M) | (88.4 M) | (95.1 M) | (85.6 M) | (81.3 M) |
| ANNX | (18.7 M) | (18.7 M) | (18.7 M) | (18.7 M) | (18.7 M) | (18.7 M) | (18.7 M) | (18.7 M) | (18.3 M) | (37.2 M) | (62.7 M) | (127.8 M) | (138.3 M) | (134.2 M) | (138.2 M) | (124.4 M) | (130.6 M) |
| GALT | (190 K) | (10.9 M) | (9.7 M) | (12.1 M) | (15.8 M) | (20 M) | (21.4 M) | (16.2 M) | (13.9 M) | (13.3 M) | (23.5 M) | (30.5 M) | (38.8 M) | (41.1 M) | (47 M) | (42.3 M) | (40.2 M) |
| KRRO | (20.2 M) | (20.2 M) | (20.2 M) | (20.2 M) | (20.2 M) | (20.2 M) | (20.2 M) | (20.2 M) | (19.2 M) | (18.7 M) | (26.5 M) | (84.7 M) | (58 M) | (81.2 M) | (83.6 M) | (75.2 M) | (79 M) |
Bright Minds Biosciences and related stocks such as LB Pharmaceuticals Common, Design Therapeutics, and Aura Biosciences Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Bright Minds Biosciences financial statement analysis. It represents the amount of money remaining after all of Bright Minds Biosciences operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Bright Minds Competitive Analysis
The better you understand Bright Minds competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Bright Minds' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Bright Minds' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Bright Minds Competition Performance Charts
Five steps to successful analysis of Bright Minds Competition
Bright Minds' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Bright Minds Biosciences in relation to its competition. Bright Minds' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Bright Minds in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Bright Minds' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Bright Minds Biosciences, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Bright Minds position
In addition to having Bright Minds in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Bright Minds Correlation with its peers. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Can Biotechnology industry sustain growth momentum? Does Bright have expansion opportunities? Factors like these will boost the valuation of Bright Minds. Projected growth potential of Bright fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Bright Minds demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Bright Minds Biosciences's market price often diverges from its book value, the accounting figure shown on Bright's balance sheet. Smart investors calculate Bright Minds' intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Since Bright Minds' trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Bright Minds' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Bright Minds should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Bright Minds' 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.