Fortress Biotech Stock Market Value
| FBIO Stock | USD 1.99 0.02 1.02% |
| Symbol | Fortress |
Fortress Biotech 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 Fortress Biotech. If investors know Fortress 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 Fortress Biotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.03) | Revenue Per Share 7.954 | Quarterly Revenue Growth 0.048 | Return On Assets (0.34) | Return On Equity (17.40) |
The market value of Fortress Biotech is measured differently than its book value, which is the value of Fortress that is recorded on the company's balance sheet. Investors also form their own opinion of Fortress Biotech's value that differs from its market value or its book value, called intrinsic value, which is Fortress Biotech'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 Fortress Biotech's market value can be influenced by many factors that don't directly affect Fortress Biotech'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 Fortress Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortress Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortress Biotech'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.
Fortress Biotech '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 Fortress Biotech'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 Fortress Biotech.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Fortress Biotech on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Fortress Biotech or generate 0.0% return on investment in Fortress Biotech over 90 days. Fortress Biotech is related to or competes with Mustang Bio, Achilles Therapeutics, Aptose Biosciences, Fortress Biotech, Checkpoint Therapeutics, Avenue Therapeutics, and Pieris Pharmaceuticals. Fortress Biotech, Inc., a biopharmaceutical company, develops and commercializes pharmaceutical and biotechnology produc... More
Fortress Biotech 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 Fortress Biotech'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 Fortress Biotech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.31 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 8.89 |
Fortress Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortress Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortress Biotech's standard deviation. In reality, there are many statistical measures that can use Fortress Biotech historical prices to predict the future Fortress Biotech's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0063 | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortress Biotech'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.
Fortress Biotech Backtested Returns
Fortress Biotech appears to be somewhat reliable, given 3 months investment horizon. Fortress Biotech secures Sharpe Ratio (or Efficiency) of 0.0882, which denotes the company had a 0.0882% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Fortress Biotech, which you can use to evaluate the volatility of the firm. Please utilize Fortress Biotech's Mean Deviation of 2.72, standard deviation of 4.02, and Variance of 16.13 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fortress Biotech holds a performance score of 6. The firm shows a Beta (market volatility) of 1.48, which means 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, Fortress Biotech will likely underperform. Please check Fortress Biotech's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether Fortress Biotech's price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Fortress Biotech has good reverse predictability. Overlapping area represents the amount of predictability between Fortress Biotech time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Fortress Biotech price movement. The serial correlation of -0.55 indicates that about 55.0% of current Fortress Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fortress Biotech lagged returns against current returns
Autocorrelation, which is Fortress Biotech 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 Fortress Biotech's stock expected returns. We can calculate the autocorrelation of Fortress Biotech returns to help us make a trade decision. For example, suppose you find that Fortress Biotech 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 |
Fortress Biotech 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 Fortress Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortress Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortress Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Fortress Biotech Lagged Returns
When evaluating Fortress Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortress Biotech stock have on its future price. Fortress Biotech 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, Fortress Biotech autocorrelation shows the relationship between Fortress Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Fortress Biotech.
Regressed Prices |
| Timeline |
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When determining whether Fortress Biotech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fortress Biotech'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 Fortress Biotech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fortress Biotech Stock:Check out Fortress Biotech Correlation, Fortress Biotech Volatility and Fortress Biotech Alpha and Beta module to complement your research on Fortress Biotech. To learn how to invest in Fortress Stock, please use our How to Invest in Fortress Biotech guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Fortress Biotech 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.