89bio Inc Stock Market Value
| ETNB Stock | USD 8.96 0.20 2.28% |
| Symbol | 89bio |
89bio Inc Price To Book Ratio
Is Biotechnology space 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 89bio. If investors know 89bio 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 89bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.96) | Return On Assets (0.41) | Return On Equity (0.73) |
The market value of 89bio Inc is measured differently than its book value, which is the value of 89bio that is recorded on the company's balance sheet. Investors also form their own opinion of 89bio's value that differs from its market value or its book value, called intrinsic value, which is 89bio'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 89bio's market value can be influenced by many factors that don't directly affect 89bio'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 89bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if 89bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 89bio'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.
89bio '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 89bio'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 89bio.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 89bio on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding 89bio Inc or generate 0.0% return on investment in 89bio over 30 days. 89bio is related to or competes with Eliem Therapeutics, HCW Biologics, Scpharmaceuticals, Milestone Pharmaceuticals, Seres Therapeutics, and Lumos Pharma. 89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies f... More
89bio 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 89bio'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 89bio Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 27.43 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 5.19 |
89bio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 89bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 89bio's standard deviation. In reality, there are many statistical measures that can use 89bio historical prices to predict the future 89bio's volatility.| Risk Adjusted Performance | 0.0328 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | 0.0424 |
89bio Inc Backtested Returns
At this point, 89bio is somewhat reliable. 89bio Inc secures Sharpe Ratio (or Efficiency) of 0.018, which signifies that the company had a 0.018% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for 89bio Inc, which you can use to evaluate the volatility of the entity. Please confirm 89bio's Mean Deviation of 2.79, coefficient of variation of 3108.62, and Market Risk Adjusted Performance of 0.0524 to double-check if the risk estimate we provide is consistent with the expected return of 0.0738%. 89bio has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.87, 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, 89bio will likely underperform. 89bio Inc at this time shows a risk of 4.1%. Please confirm 89bio Inc sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if 89bio Inc will be following its price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
89bio Inc has modest reverse predictability. Overlapping area represents the amount of predictability between 89bio time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 89bio Inc price movement. The serial correlation of -0.48 indicates that about 48.0% of current 89bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
89bio Inc lagged returns against current returns
Autocorrelation, which is 89bio 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 89bio's stock expected returns. We can calculate the autocorrelation of 89bio returns to help us make a trade decision. For example, suppose you find that 89bio 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 |
89bio 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 89bio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 89bio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 89bio stock over time.
Current vs Lagged Prices |
| Timeline |
89bio Lagged Returns
When evaluating 89bio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 89bio stock have on its future price. 89bio 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, 89bio autocorrelation shows the relationship between 89bio stock current value and its past values and can show if there is a momentum factor associated with investing in 89bio Inc.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether 89bio Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 89bio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of 89bio Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 89bio Inc Stock:Check out 89bio Correlation, 89bio Volatility and 89bio Alpha and Beta module to complement your research on 89bio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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.