Bellus Stock Story

BLU
 Stock
  

USD 11.86  0.27  2.33%   

Bellus Health is generating 0.6616% of daily returns assuming volatility of 4.9171% on return distribution over 90 days investment horizon. Although many risk-takers are getting more into healthcare space, some of us are not very happy with Bellus Health's current volatility. We are going to break down if the current expected returns justify Bellus Health's volatility.
Published over two months ago
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Breaking down the newest Bellus Health volatility

This firm has 871 K in debt with debt to equity (D/E) ratio of 0.0, which may show that Bellus Health is not taking advantage of profits from borrowing. The company has a current ratio of 14.93, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Bellus Health until it has trouble settling it off, either with new capital or with free cash flow. So, Bellus Health's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bellus Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bellus to invest in growth at high rates of return. When we think about Bellus Health's use of debt, we should always consider it together with cash and equity.
Volatility is a rate at which the price of Bellus Health 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 Bellus Health may increase or decrease. In other words, similar to Bellus's beta indicator, it measures the risk of Bellus Health and helps estimate the fluctuations that may happen in a short period of time. So if prices of Bellus Health 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 Bellus Health's Liquidity

Bellus Health financial leverage refers to using borrowed capital as a funding source to finance Bellus Health ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Bellus Health 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 Bellus Health'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 Bellus Health, but it might be worth checking our own buy vs. sell analysis

Bellus Health Volatility Drivers

Bellus Health unsystematic risk is unique to Bellus Health 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 Bellus Health you can also buy Intel Corp. You can also mitigate this risk by investing in the biotechnology 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 Bellus Health 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 Bellus Health income statement and balance sheet. Here are more details about Bellus volatility.
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