Bellus Stock Market Value

BLU -  USA Stock  

USD 8.32  0.22  2.72%

Bellus Health's market value is the price at which a share of Bellus Health stock trades on a public exchange. It measures the collective expectations of Bellus Health investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bellus Health and determine expected loss or profit from investing in Bellus Health over a given investment horizon. Continue to Bellus Health Hype Analysis, Bellus Health Correlation, Bellus Health Valuation, Bellus Health Volatility, as well as analyze Bellus Health Alpha and Beta and Bellus Health Performance.
Symbol
Backtest


Is Bellus Health'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 Bellus Health. If investors know Bellus 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 Bellus Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
864.7 M
Return On Assets
-0.21
Return On Equity
-0.34
The market value of Bellus Health is measured differently than its book value, which is the value of Bellus that is recorded on the company's balance sheet. Investors also form their own opinion of Bellus Health's value that differs from its market value or its book value, called intrinsic value, which is Bellus Health'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 Bellus Health's market value can be influenced by many factors that don't directly affect Bellus Health'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 Bellus Health's value and its price as these two are different measures arrived at by different means. Investors typically determine Bellus Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bellus Health'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.

Bellus Health '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 Bellus Health'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 Bellus Health.
0.00
05/25/2022
No Change 0.00  0.0 
In 31 days
06/24/2022
0.00
If you would invest  0.00  in Bellus Health on May 25, 2022 and sell it all today you would earn a total of 0.00 from holding Bellus Health or generate 0.0% return on investment in Bellus Health over 30 days. Bellus Health is related to or competes with Vertex Energy, McDonalds Corp, ATT, Disney, Boeing, Johnson Johnson, and Walmart. BELLUS Health Inc., a clinical stage biopharmaceutical company, develops therapeutics for the treatment of refractory ch...More

Bellus Health 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 Bellus Health'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 Bellus Health upside and downside potential and time the market with a certain degree of confidence.

Bellus Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bellus Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bellus Health's standard deviation. In reality, there are many statistical measures that can use Bellus Health historical prices to predict the future Bellus Health's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bellus Health'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 Bellus Health in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.868.7113.56
Details
Intrinsic
Valuation
LowReal ValueHigh
4.769.6114.46
Details
Naive
Forecast
LowNext ValueHigh
3.238.0812.93
Details
8 Analysts
Consensus
LowTarget PriceHigh
7.5013.6920.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bellus Health. Your research has to be compared to or analyzed against Bellus Health's peers to derive any actionable benefits. When done correctly, Bellus Health'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 Bellus Health.

Bellus Health Backtested Returns

Bellus Health appears to be slightly risky, given 3 months investment horizon. Bellus Health secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had 0.12% 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 Bellus Health technical indicators you can presently evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Bellus Health's Risk Adjusted Performance of 0.1456, mean deviation of 3.5, and Downside Deviation of 4.71 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Bellus Health holds a performance score of 9. The firm shows a Beta (market volatility) of 1.1935, which signifies a somewhat significant risk relative to the market. Let's try to break down what Bellus'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, Bellus Health will likely underperform. Although it is vital to follow Bellus Health 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 Bellus Health, which you can use to evaluate the performance of the firm. Please makes use of Bellus Health downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to make a quick decision on whether Bellus Health price patterns will revert.

Auto-correlation

    
  0.02  

Virtually no predictability

Bellus Health has virtually no predictability. Overlapping area represents the amount of predictability between Bellus Health time series from 25th of May 2022 to 9th of June 2022 and 9th of June 2022 to 24th of June 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 Bellus Health price movement. The serial correlation of 0.02 indicates that only 2.0% of current Bellus Health price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.03

Bellus Health lagged returns against current returns

Autocorrelation, which is Bellus Health 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 Bellus Health's stock expected returns. We can calculate the autocorrelation of Bellus Health returns to help us make a trade decision. For example, suppose you find that Bellus Health 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 

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

Bellus Health Lagged Returns

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

Bellus Health Investors Sentiment

The influence of Bellus Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bellus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Bellus Health Implied Volatility

    
  117.69  
Bellus Health's implied volatility exposes the market's sentiment of Bellus Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bellus Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bellus Health stock will not fluctuate a lot when Bellus Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bellus Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bellus Health's short interest history, or implied volatility extrapolated from Bellus Health options trading.

Current Sentiment - BLU

Bellus Health Investor Sentiment

Greater number of Macroaxis users are currently bullish on Bellus Health. What is your opinion about investing in Bellus Health? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Bellus Health

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

Bellus Health Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Bellus Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bellus Health 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 Bellus Health - 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 Bellus Health to buy it.
The correlation of Bellus Health 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 Bellus Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bellus Health 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 Bellus Health 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 Bellus Health Hype Analysis, Bellus Health Correlation, Bellus Health Valuation, Bellus Health Volatility, as well as analyze Bellus Health Alpha and Beta and Bellus Health Performance. Note that the Bellus Health information on this page should be used as a complementary analysis to other Bellus Health'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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Bellus Stock analysis

When running Bellus Health price analysis, check to measure Bellus Health'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 Bellus Health is operating at the current time. Most of Bellus Health's value examination focuses on studying past and present price action to predict the probability of Bellus Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bellus Health's price. Additionally, you may evaluate how the addition of Bellus Health to your portfolios can decrease your overall portfolio volatility.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Bellus Health 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 Bellus Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bellus Health 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...