Biogen Stock Market Value

BIIB
 Stock
  

USD 291.90  13.27  4.35%   

Biogen's market value is the price at which a share of Biogen stock trades on a public exchange. It measures the collective expectations of Biogen Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Biogen Inc and determine expected loss or profit from investing in Biogen over a given investment horizon. Continue to Biogen Correlation, Biogen Volatility and Biogen Alpha and Beta module to complement your research on Biogen.
Symbol


Is Biogen'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 Biogen. If investors know Biogen 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 Biogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.53
Market Capitalization
43.9 B
Quarterly Revenue Growth YOY
(0.1) 
Return On Assets
0.076
Return On Equity
0.2
The market value of Biogen Inc is measured differently than its book value, which is the value of Biogen that is recorded on the company's balance sheet. Investors also form their own opinion of Biogen's value that differs from its market value or its book value, called intrinsic value, which is Biogen'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 Biogen's market value can be influenced by many factors that don't directly affect Biogen'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 Biogen's value and its price as these two are different measures arrived at by different means. Investors typically determine Biogen value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biogen'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.

Biogen '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 Biogen'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 Biogen.
0.00
11/01/2022
No Change 0.00  0.0 
In 30 days
12/01/2022
0.00
If you would invest  0.00  in Biogen on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding Biogen Inc or generate 0.0% return on investment in Biogen over 30 days. Biogen is related to or competes with Cisco Systems, Caterpillar, Chevron Corp, American Express, Coca Cola, Walmart, and Disney. Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative di... More

Biogen 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 Biogen'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 Biogen Inc upside and downside potential and time the market with a certain degree of confidence.

Biogen Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Biogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biogen's standard deviation. In reality, there are many statistical measures that can use Biogen historical prices to predict the future Biogen's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Biogen'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. Please use the tools below to analyze the current value of Biogen in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
297.58302.96308.34
Details
Intrinsic
Valuation
LowReal ValueHigh
274.65321.93327.31
Details
Naive
Forecast
LowNext ValueHigh
284.81290.19295.57
Details
29 Analysts
Consensus
LowTarget PriceHigh
195.00316.55500.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Biogen. Your research has to be compared to or analyzed against Biogen's peers to derive any actionable benefits. When done correctly, Biogen's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Biogen Inc.

Biogen Inc Backtested Returns

Biogen appears to be very steady, given 3 months investment horizon. Biogen Inc secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had 0.15% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Biogen Inc technical indicators you can presently evaluate if the expected return of 0.84% is justified by implied risk. Please makes use of Biogen's Downside Deviation of 1.86, mean deviation of 2.15, and Risk Adjusted Performance of 0.2269 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Biogen holds a performance score of 11. The firm shows a Beta (market volatility) of 1.4138, which signifies a somewhat significant risk relative to the market. Let's try to break down what Biogen's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Biogen will likely underperform. Although it is vital to follow Biogen Inc historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Biogen Inc, which you can use to evaluate the performance of the firm. Please makes use of Biogen Inc maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to make a quick decision on whether Biogen price patterns will revert.

Auto-correlation

    
  -0.2  

Insignificant reverse predictability

Biogen Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Biogen time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Biogen Inc price movement. The serial correlation of -0.2 indicates that over 20.0% of current Biogen price fluctuation can be explain by its past prices.
Correlation Coefficient-0.2
Spearman Rank Test0.01
Residual Average0.0
Price Variance25.41

Biogen Inc lagged returns against current returns

Autocorrelation, which is Biogen 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 Biogen's stock expected returns. We can calculate the autocorrelation of Biogen returns to help us make a trade decision. For example, suppose you find that Biogen stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Biogen 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 Biogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biogen stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Biogen Lagged Returns

When evaluating Biogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biogen stock have on its future price. Biogen 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, Biogen autocorrelation shows the relationship between Biogen stock current value and its past values and can show if there is a momentum factor associated with investing in Biogen Inc.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Biogen without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Biogen

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 Biogen 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 Biogen will appreciate offsetting losses from the drop in the long position's value.

Moving together with Biogen

+0.75RETAReata Pharmaceuticals Normal TradingPairCorr
The ability to find closely correlated positions to Biogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biogen 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 Biogen - 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 Biogen Inc to buy it.
The correlation of Biogen is a statistical measure of how it moves in relation to other equities. 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 Biogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biogen Inc 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 Biogen 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.
Pair CorrelationCorrelation Matching
Continue to Biogen Correlation, Biogen Volatility and Biogen Alpha and Beta module to complement your research on Biogen. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for analysis

When running Biogen Inc price analysis, check to measure Biogen'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 Biogen is operating at the current time. Most of Biogen's value examination focuses on studying past and present price action to predict the probability of Biogen's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Biogen's price. Additionally, you may evaluate how the addition of Biogen to your portfolios can decrease your overall portfolio volatility.
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Biogen 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.
A focus of Biogen technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Biogen trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...