Bluebird Bio Volatility
| BLUEDelisted Stock | USD 4.97 0.23 4.85% |
We have found twenty-nine technical indicators for Bluebird Bio, which you can use to evaluate the volatility of the firm. Please confirm Bluebird Bio's Risk Adjusted Performance of 0.0741, downside deviation of 3.64, and Mean Deviation of 3.75 to double-check if the risk estimate we provide is consistent with the expected return of 0.0%.
Sharpe Ratio = 0.0
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Based on monthly moving average Bluebird Bio is not performing at its full potential. However, 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 Bluebird Bio by adding Bluebird Bio to a well-diversified portfolio.
Key indicators related to Bluebird Bio's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Bluebird Bio Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Bluebird daily returns, and it is calculated using variance and standard deviation. We also use Bluebird's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Bluebird Bio volatility.
Bluebird |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Bluebird Bio can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Bluebird Bio at lower prices to lower their average cost per share. Similarly, when the prices of Bluebird Bio's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities. Main indicators related to Bluebird Bio's market risk premium analysis include:
Beta (1.05) | Alpha 0.71 | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
Moving together with Bluebird Stock
| 0.73 | MCD | McDonalds Earnings Call Tomorrow | PairCorr |
| 0.64 | CSCO | Cisco Systems Earnings Call Today | PairCorr |
Bluebird Bio Market Sensitivity And Downside Risk
Bluebird Bio's beta coefficient measures the volatility of Bluebird stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Bluebird stock's returns against your selected market. In other words, Bluebird Bio's beta of -1.05 provides an investor with an approximation of how much risk Bluebird Bio stock can potentially add to one of your existing portfolios. Bluebird Bio is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bluebird Bio's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bluebird Bio's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Bluebird Bio Demand TrendCheck current 90 days Bluebird Bio correlation with market (Dow Jones Industrial)Bluebird Bio Volatility and Downside Risk
Bluebird standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Bluebird Bio Stock Volatility Analysis
Volatility refers to the frequency at which Bluebird Bio delisted stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Bluebird Bio's price changes. Investors will then calculate the volatility of Bluebird Bio's stock to predict their future moves. A delisted stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile delisted stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Bluebird Bio's volatility:
Historical Volatility
This type of delisted stock volatility measures Bluebird Bio's fluctuations based on previous trends. It's commonly used to predict Bluebird Bio's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Bluebird Bio's current market price. This means that the delisted stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Bluebird Bio's to be redeemed at a future date.Transformation |
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Bluebird Bio Projected Return Density Against Market
Given the investment horizon of 90 days Bluebird Bio has a beta of -1.0473 suggestingMost traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bluebird Bio or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bluebird Bio's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bluebird delisted stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
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What Drives a Bluebird Bio Price Volatility?
Several factors can influence a delisted stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Bluebird Bio Stock Return Volatility
Bluebird Bio historical daily return volatility represents how much of Bluebird Bio delisted stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 0.0% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.8099% volatility on return distribution over the 90 days horizon. Performance |
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Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Bluebird Stock performing well and Bluebird Bio 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 Bluebird Bio's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRE | 2.67 | 0.53 | 0.20 | 0.50 | 2.47 | 7.15 | 20.03 | |||
| GRNA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RENB | 4.36 | (1.10) | 0.00 | (4.19) | 0.00 | 10.39 | 39.14 | |||
| ALVR | 3.08 | (0.21) | 0.00 | (1.23) | 0.00 | 7.14 | 18.20 | |||
| RNTX | 3.85 | (0.33) | 0.00 | (0.15) | 0.00 | 10.08 | 22.23 | |||
| MGTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ERYP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KRON | 2.46 | 0.00 | (0.01) | 0.08 | 3.67 | 4.00 | 32.10 | |||
| TCRR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PSTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About Bluebird Bio Volatility
Volatility is a rate at which the price of Bluebird Bio or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Bluebird Bio may increase or decrease. In other words, similar to Bluebird's beta indicator, it measures the risk of Bluebird Bio and helps estimate the fluctuations that may happen in a short period of time. So if prices of Bluebird Bio fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.bluebird bio, Inc., a biotechnology company, researches, develops, and commercializes transformative gene therapies for severe genetic diseases. The company was formerly known as Genetix Pharmaceuticals, Inc., and changed its name to bluebird bio, Inc. in September 2010. bluebird bio, Inc. was incorporated in 1992 and is headquartered in Cambridge, Massachusetts. Bluebird Bio operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 518 people.
Bluebird Bio's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Bluebird Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Bluebird Bio's price varies over time.
3 ways to utilize Bluebird Bio's volatility to invest better
Higher Bluebird Bio's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Bluebird Bio stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Bluebird Bio stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Bluebird Bio investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Bluebird Bio's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Bluebird Bio's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Bluebird Bio Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 0.81 and is 9.223372036854776E16 times more volatile than Bluebird Bio. Compared to the overall equity markets, volatility of historical daily returns of Bluebird Bio is lower than 0 percent of all global equities and portfolios over the last 90 days. You can use Bluebird Bio to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of Bluebird Bio to be traded at $6.21 in 90 days.Weak diversification
The correlation between Bluebird Bio and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bluebird Bio and DJI in the same portfolio, assuming nothing else is changed.
Bluebird Bio Additional Risk Indicators
The analysis of Bluebird Bio's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Bluebird Bio's investment and either accepting that risk or mitigating it. Along with some common measures of Bluebird Bio stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0741 | |||
| Market Risk Adjusted Performance | (0.58) | |||
| Mean Deviation | 3.75 | |||
| Semi Deviation | 2.89 | |||
| Downside Deviation | 3.64 | |||
| Coefficient Of Variation | 1230.57 | |||
| Standard Deviation | 7.66 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar delisted stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Bluebird Bio Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Bluebird Bio as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Bluebird Bio's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Bluebird Bio's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Bluebird Bio.
Check out Trending Equities 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 population. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Other Consideration for investing in Bluebird Stock
If you are still planning to invest in Bluebird Bio check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bluebird Bio's history and understand the potential risks before investing.
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