89bio Inc Stock Market Value
| ETNB Stock | USD 9.00 0.44 4.66% |
| 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.
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.
| 05/21/2025 |
| 08/19/2025 |
If you would invest 0.00 in 89bio on May 21, 2025 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 90 days. 89bio is related to or competes with Akero Therapeutics, Terns Pharmaceuticals, Madrigal Pharmaceuticals, Viking Therapeutics, Cabaletta Bio, Phathom Pharmaceuticals, and Mirum Pharmaceuticals. 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 | 2.87 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 22.76 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 6.28 |
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 | 0.0623 | |||
| Jensen Alpha | 0.3124 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0603 | |||
| Treynor Ratio | (0.52) |
89bio Inc Backtested Returns
89bio Inc secures Sharpe Ratio (or Efficiency) of -0.0238, which signifies that the company had a -0.0238 % return per unit of volatility over the last 3 months. 89bio Inc exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 89bio's Coefficient Of Variation of 1310.96, mean deviation of 2.5, and Market Risk Adjusted Performance of (0.51) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 89bio are expected to decrease at a much lower rate. During the bear market, 89bio is likely to outperform the market. At this point, 89bio Inc has a negative expected return of -0.067%. Please make sure to confirm 89bio's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if 89bio Inc performance from the past will be repeated in the future.
Auto-correlation | -0.31 |
Poor reverse predictability
89bio Inc has poor reverse predictability. Overlapping area represents the amount of predictability between 89bio time series from 21st of May 2025 to 5th of July 2025 and 5th of July 2025 to 19th of August 2025. 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 -0.31 indicates that nearly 31.0% of current 89bio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
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 |
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Check out 89bio Correlation, 89bio Volatility and 89bio Alpha and Beta module to complement your research on 89bio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.