Brickell Biotech Stock Market Value
| BBI Stock | USD 0.90 0.01 1.10% |
| Symbol | Brickell |
Brickell Biotech Price To Book Ratio
Is Brickell Biotech'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 Brickell Biotech. If investors know Brickell 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 Brickell 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 (0.42) | Revenue Per Share 1.94 | Quarterly Revenue Growth 27.576 | Return On Assets (0.80) | Return On Equity (1.57) |
The market value of Brickell Biotech is measured differently than its book value, which is the value of Brickell that is recorded on the company's balance sheet. Investors also form their own opinion of Brickell Biotech's value that differs from its market value or its book value, called intrinsic value, which is Brickell 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 Brickell Biotech's market value can be influenced by many factors that don't directly affect Brickell 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 Brickell Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brickell Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brickell 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.
Brickell 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 Brickell 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 Brickell Biotech.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Brickell Biotech on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Brickell Biotech or generate 0.0% return on investment in Brickell Biotech over 30 days. Brickell Biotech is related to or competes with Silo Pharma, Protagenic Therapeutics, and Eledon Pharmaceuticals. Brickell Biotech, Inc., a clinical-stage pharmaceutical company, engages in the development of various prescription ther... More
Brickell 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 Brickell 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 Brickell Biotech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 2.27 |
Brickell Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brickell Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brickell Biotech's standard deviation. In reality, there are many statistical measures that can use Brickell Biotech historical prices to predict the future Brickell Biotech's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.2335 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brickell 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.
Brickell Biotech Backtested Returns
Brickell Biotech secures Sharpe Ratio (or Efficiency) of -0.064, which signifies that the company had a -0.064% return per unit of risk over the last 3 months. Brickell Biotech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brickell Biotech's Standard Deviation of 1.87, mean deviation of 1.23, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Brickell Biotech are expected to decrease at a much lower rate. During the bear market, Brickell Biotech is likely to outperform the market. Brickell Biotech has an expected return of -0.12%. Please make sure to confirm Brickell Biotech kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Brickell Biotech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Brickell Biotech has insignificant predictability. Overlapping area represents the amount of predictability between Brickell Biotech time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Brickell Biotech price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Brickell Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brickell Biotech lagged returns against current returns
Autocorrelation, which is Brickell 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 Brickell Biotech's stock expected returns. We can calculate the autocorrelation of Brickell Biotech returns to help us make a trade decision. For example, suppose you find that Brickell 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 |
Brickell 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 Brickell Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brickell Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brickell Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Brickell Biotech Lagged Returns
When evaluating Brickell Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brickell Biotech stock have on its future price. Brickell 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, Brickell Biotech autocorrelation shows the relationship between Brickell Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Brickell Biotech.
Regressed Prices |
| Timeline |
Pair Trading with Brickell Biotech
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 Brickell Biotech 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 Brickell Biotech will appreciate offsetting losses from the drop in the long position's value.Moving against Brickell Stock
| 0.82 | VKTX | Viking Therapeutics Potential Growth | PairCorr |
| 0.81 | ELEV | Elevation Oncology Earnings Call This Week | PairCorr |
| 0.68 | XFOR | X4 Pharmaceuticals Earnings Call This Week | PairCorr |
| 0.66 | NRSNW | NeuroSense Therapeutics | PairCorr |
| 0.61 | LLY | Eli Lilly Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Brickell Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brickell Biotech 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 Brickell Biotech - 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 Brickell Biotech to buy it.
The correlation of Brickell Biotech 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 Brickell Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brickell Biotech 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 Brickell Biotech 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 Brickell Biotech Correlation, Brickell Biotech Volatility and Brickell Biotech Alpha and Beta module to complement your research on Brickell Biotech. For more detail on how to invest in Brickell Stock please use our How to Invest in Brickell Biotech guide.Note that the Brickell Biotech information on this page should be used as a complementary analysis to other Brickell Biotech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Brickell Stock analysis
When running Brickell Biotech's price analysis, check to measure Brickell Biotech'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 Brickell Biotech is operating at the current time. Most of Brickell Biotech's value examination focuses on studying past and present price action to predict the probability of Brickell Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brickell Biotech's price. Additionally, you may evaluate how the addition of Brickell Biotech to your portfolios can decrease your overall portfolio volatility.
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Brickell 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.