89bio Inc Stock Price on December 30, 2023
If you're considering investing in 89bio Stock, it is important to understand the factors that can impact its price. At this point, 89bio is somewhat reliable. 89bio Inc secures Sharpe Ratio (or Efficiency) of 0.0278, which signifies that the company had a 0.0278% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for 89bio Inc, which you can use to evaluate the volatility of the entity. Please confirm 89bio's Market Risk Adjusted Performance of 0.0487, coefficient of variation of 3595.61, and Mean Deviation of 2.58 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
At present, 89bio's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 61.6 K, whereas Sale Purchase Of Stock is forecasted to decline to about 254.6 K. . The current year's Price Earnings To Growth Ratio is expected to grow to 0.18, whereas Price Earnings Ratio is forecasted to decline to (5.87). 89bio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
89bio |
Sharpe Ratio = 0.0278
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Estimated Market Risk
| 3.95 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average 89bio is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 89bio by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About 89bio Stock history
89bio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 89bio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 89bio Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 89bio stock prices may prove useful in developing a viable investing in 89bio
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 71.2 M | 74.7 M | |
| Net Loss | -91.8 M | -96.4 M |
89bio Stock Technical Analysis
89bio 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.
Price Boundaries
89bio Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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89bio November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how 89bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 89bio shares will generate the highest return on investment. By undertsting and applying 89bio stock market strength indicators, traders can identify 89bio Inc entry and exit signals to maximize returns
89bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 89bio's price direction in advance. Along with the technical and fundamental analysis of 89bio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 89bio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0288 | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0387 |
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for 89bio Stock
When running 89bio's price analysis, check to measure 89bio'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 89bio is operating at the current time. Most of 89bio's value examination focuses on studying past and present price action to predict the probability of 89bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 89bio's price. Additionally, you may evaluate how the addition of 89bio to your portfolios can decrease your overall portfolio volatility.
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