Beigene Stock Market Value
| BGNE Stock | USD 131.96 0.10 0.08% |
| Symbol | BeiGene |
BeiGene Price To Book Ratio
Is BeiGene's industry 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 BeiGene. If investors know BeiGene 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 BeiGene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.45) | Revenue Per Share 23.554 | Quarterly Revenue Growth 0.669 | Return On Assets (0.12) | Return On Equity (0.22) |
The market value of BeiGene is measured differently than its book value, which is the value of BeiGene that is recorded on the company's balance sheet. Investors also form their own opinion of BeiGene's value that differs from its market value or its book value, called intrinsic value, which is BeiGene'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 BeiGene's market value can be influenced by many factors that don't directly affect BeiGene'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 BeiGene's value and its price as these two are different measures arrived at by different means. Investors typically determine if BeiGene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BeiGene'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.
BeiGene '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 BeiGene'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 BeiGene.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in BeiGene on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding BeiGene or generate 0.0% return on investment in BeiGene over 360 days. BeiGene is related to or competes with Ascendis Pharma, Apellis Pharmaceuticals, Akero Therapeutics, Blueprint Medicines, I Mab, Krystal Biotech, and ImmunovantInc. BeiGene, Ltd., a biotechnology company, focuses on discovering, developing, manufacturing, and commercializing various m... More
BeiGene 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 BeiGene'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 BeiGene upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.31 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 3.79 |
BeiGene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BeiGene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BeiGene's standard deviation. In reality, there are many statistical measures that can use BeiGene historical prices to predict the future BeiGene's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BeiGene's 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.
BeiGene Backtested Returns
BeiGene secures Sharpe Ratio (or Efficiency) of -0.0658, which signifies that the company had a -0.0658% return per unit of risk over the last 3 months. BeiGene exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BeiGene's Mean Deviation of 2.39, risk adjusted performance of (0.06), and Standard Deviation of 3.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.98, 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, BeiGene will likely underperform. BeiGene has an expected return of -0.22%. Please make sure to confirm BeiGene kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if BeiGene performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
BeiGene has good predictability. Overlapping area represents the amount of predictability between BeiGene time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th of April 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 BeiGene price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current BeiGene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 275.63 |
BeiGene lagged returns against current returns
Autocorrelation, which is BeiGene 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 BeiGene's stock expected returns. We can calculate the autocorrelation of BeiGene returns to help us make a trade decision. For example, suppose you find that BeiGene 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 |
BeiGene 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 BeiGene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BeiGene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BeiGene stock over time.
Current vs Lagged Prices |
| Timeline |
BeiGene Lagged Returns
When evaluating BeiGene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BeiGene stock have on its future price. BeiGene 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, BeiGene autocorrelation shows the relationship between BeiGene stock current value and its past values and can show if there is a momentum factor associated with investing in BeiGene.
Regressed Prices |
| Timeline |
BeiGene Investors Sentiment
The influence of BeiGene's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BeiGene. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to BeiGene's public news can be used to forecast risks associated with an investment in BeiGene. The trend in average sentiment can be used to explain how an investor holding BeiGene can time the market purely based on public headlines and social activities around BeiGene. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
BeiGene's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for BeiGene's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average BeiGene's news discussions. The higher the estimated score, the more favorable is the investor's outlook on BeiGene.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BeiGene in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BeiGene's short interest history, or implied volatility extrapolated from BeiGene options trading.
Pair Trading with BeiGene
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BeiGene position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BeiGene will appreciate offsetting losses from the drop in the long position's value.Moving together with BeiGene Stock
| 0.72 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against BeiGene Stock
| 0.46 | LPTX | Leap Therapeutics Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to BeiGene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BeiGene when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BeiGene - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BeiGene to buy it.
The correlation of BeiGene is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BeiGene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BeiGene moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BeiGene can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out BeiGene Correlation, BeiGene Volatility and BeiGene Alpha and Beta module to complement your research on BeiGene. For information on how to trade BeiGene Stock refer to our How to Trade BeiGene Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for BeiGene Stock analysis
When running BeiGene's price analysis, check to measure BeiGene'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 BeiGene is operating at the current time. Most of BeiGene's value examination focuses on studying past and present price action to predict the probability of BeiGene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BeiGene's price. Additionally, you may evaluate how the addition of BeiGene to your portfolios can decrease your overall portfolio volatility.
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BeiGene 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.