Biomarin Pharmaceutical Stock Market Value
| BMRN Stock | USD 89.49 0.86 0.97% |
| Symbol | Biomarin |
Biomarin Pharmaceutical Price To Book Ratio
Is Biomarin Pharmaceutical'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 Biomarin Pharmaceutical. If investors know Biomarin 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 Biomarin Pharmaceutical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.98 | Earnings Share 0.87 | Revenue Per Share 12.88 | Quarterly Revenue Growth 0.202 | Return On Assets 0.0163 |
The market value of Biomarin Pharmaceutical is measured differently than its book value, which is the value of Biomarin that is recorded on the company's balance sheet. Investors also form their own opinion of Biomarin Pharmaceutical's value that differs from its market value or its book value, called intrinsic value, which is Biomarin Pharmaceutical'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 Biomarin Pharmaceutical's market value can be influenced by many factors that don't directly affect Biomarin Pharmaceutical'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 Biomarin Pharmaceutical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biomarin Pharmaceutical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biomarin Pharmaceutical'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.
Biomarin Pharmaceutical '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 Biomarin Pharmaceutical'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 Biomarin Pharmaceutical.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Biomarin Pharmaceutical on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Biomarin Pharmaceutical or generate 0.0% return on investment in Biomarin Pharmaceutical over 30 days. Biomarin Pharmaceutical is related to or competes with Alnylam Pharmaceuticals, Exelixis, Halozyme Therapeutics, Arrowhead Pharmaceuticals, Incyte, Ionis Pharmaceuticals, and Apellis Pharmaceuticals. BioMarin Pharmaceutical Inc. develops and commercializes therapies for people with serious and life-threatening rare dis... More
Biomarin Pharmaceutical 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 Biomarin Pharmaceutical'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 Biomarin Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 1.94 |
Biomarin Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biomarin Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biomarin Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Biomarin Pharmaceutical historical prices to predict the future Biomarin Pharmaceutical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.23) | |||
| 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 Biomarin Pharmaceutical'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.
Biomarin Pharmaceutical Backtested Returns
Biomarin Pharmaceutical secures Sharpe Ratio (or Efficiency) of -0.0358, which signifies that the company had a -0.0358% return per unit of risk over the last 3 months. Biomarin Pharmaceutical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biomarin Pharmaceutical's Risk Adjusted Performance of (0.03), mean deviation of 0.9437, and Standard Deviation of 1.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Biomarin Pharmaceutical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Biomarin Pharmaceutical is expected to be smaller as well. Biomarin Pharmaceutical has an expected return of -0.0429%. Please make sure to confirm Biomarin Pharmaceutical information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Biomarin Pharmaceutical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Biomarin Pharmaceutical has virtually no predictability. Overlapping area represents the amount of predictability between Biomarin Pharmaceutical time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Biomarin Pharmaceutical price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Biomarin Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.04 |
Biomarin Pharmaceutical lagged returns against current returns
Autocorrelation, which is Biomarin Pharmaceutical 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 Biomarin Pharmaceutical's stock expected returns. We can calculate the autocorrelation of Biomarin Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Biomarin Pharmaceutical 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 |
Biomarin Pharmaceutical 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 Biomarin Pharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biomarin Pharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biomarin Pharmaceutical stock over time.
Current vs Lagged Prices |
| Timeline |
Biomarin Pharmaceutical Lagged Returns
When evaluating Biomarin Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biomarin Pharmaceutical stock have on its future price. Biomarin Pharmaceutical 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, Biomarin Pharmaceutical autocorrelation shows the relationship between Biomarin Pharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in Biomarin Pharmaceutical.
Regressed Prices |
| Timeline |
Pair Trading with Biomarin Pharmaceutical
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 Biomarin Pharmaceutical 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 Biomarin Pharmaceutical will appreciate offsetting losses from the drop in the long position's value.Moving against Biomarin Stock
| 0.74 | PBH | Prestige Brand Holdings Financial Report 2nd of May 2024 | PairCorr |
| 0.62 | RDY | Dr Reddys Laboratories Financial Report 8th of May 2024 | PairCorr |
| 0.62 | SUPN | Supernus Pharmaceuticals Financial Report 14th of May 2024 | PairCorr |
| 0.61 | KROS | Keros TherapeuticsInc Financial Report 2nd of May 2024 | PairCorr |
| 0.61 | MRUS | Merus BV Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Biomarin Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biomarin Pharmaceutical 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 Biomarin Pharmaceutical - 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 Biomarin Pharmaceutical to buy it.
The correlation of Biomarin Pharmaceutical 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 Biomarin Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biomarin Pharmaceutical 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 Biomarin Pharmaceutical 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 Biomarin Pharmaceutical Correlation, Biomarin Pharmaceutical Volatility and Biomarin Pharmaceutical Alpha and Beta module to complement your research on Biomarin Pharmaceutical. To learn how to invest in Biomarin Stock, please use our How to Invest in Biomarin Pharmaceutical guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Biomarin Stock analysis
When running Biomarin Pharmaceutical's price analysis, check to measure Biomarin Pharmaceutical'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 Biomarin Pharmaceutical is operating at the current time. Most of Biomarin Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of Biomarin Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biomarin Pharmaceutical's price. Additionally, you may evaluate how the addition of Biomarin Pharmaceutical to your portfolios can decrease your overall portfolio volatility.
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Biomarin Pharmaceutical 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.