Biogen Story

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BIIB -- USA Stock  

USD 243.78  2.03  0.84%

Given the investment horizon of 90 days, Biogen is expected to under-perform the market. In addition to that, the company is 2.17 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.09 per unit of volatility. Although many risk-takers are getting more into healthcare space, some of us are not very happy with Biogen's current volatility. We will go over a few points Biogen investors should remember regarding its volatility. Biogen's low volatility may still impact the value of the stock as we estimate it as currently undervalued. The real value, based on our analysis, is getting close to 291.12 per share.
Published over a month ago
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Will your portfolio survive without Biogen (NASDAQ:BIIB)?
Biogen Inc currently holds roughly 4.33 B in cash with 7.07 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.67.
Volatility is a rate at which the price of Biogen 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 Biogen may increase or decrease. In other words, similar to Biogen's beta indicator, it measures the risk of Biogen and helps estimate the fluctuations that may happen in a short period of time. So if prices of Biogen 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.

How important is Biogen's Liquidity

Biogen financial leverage refers to using borrowed capital as a funding source to finance Biogen Inc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Biogen financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Biogen's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Biogen, but it might be worth checking our own buy vs. sell analysis

Biogen Volatility Drivers

Biogen unsystematic risk is unique to Biogen Inc and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Biogen you can also buy Astrazeneca PLC. You can also mitigate this risk by investing in the drug manufacturers?general sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Biogen important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Biogen income statement and balance sheet. Here are more details about Biogen volatility.
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