Bluebird Stock Market Value

BLUE
 Stock
  

USD 7.37  0.22  2.90%   

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


Is Bluebird Bio'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 Bluebird Bio. If investors know Bluebird 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 Bluebird Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
629.3 M
Quarterly Revenue Growth YOY
(0.93) 
Return On Assets
(0.29) 
Return On Equity
(0.84) 
The market value of Bluebird Bio is measured differently than its book value, which is the value of Bluebird that is recorded on the company's balance sheet. Investors also form their own opinion of Bluebird Bio's value that differs from its market value or its book value, called intrinsic value, which is Bluebird Bio'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 Bluebird Bio's market value can be influenced by many factors that don't directly affect Bluebird Bio'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 Bluebird Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine Bluebird Bio value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bluebird Bio'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.

Bluebird Bio '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 Bluebird Bio'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 Bluebird Bio.
0.00
12/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/29/2022
0.00
If you would invest  0.00  in Bluebird Bio on December 9, 2020 and sell it all today you would earn a total of 0.00 from holding Bluebird Bio or generate 0.0% return on investment in Bluebird Bio over 720 days. Bluebird Bio is related to or competes with Siemens Ag, Regeneron Pharmaceuticals, and Vertex Pharmaceutic. bluebird bio, Inc., a biotechnology company, researches, develops, and commercializes transformative gene therapies for ... More

Bluebird Bio 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 Bluebird Bio'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 Bluebird Bio upside and downside potential and time the market with a certain degree of confidence.

Bluebird Bio Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bluebird Bio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bluebird Bio's standard deviation. In reality, there are many statistical measures that can use Bluebird Bio historical prices to predict the future Bluebird Bio's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bluebird Bio'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 Bluebird Bio in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.556.9613.37
Details
Intrinsic
Valuation
LowReal ValueHigh
3.6810.0916.50
Details
Naive
Forecast
LowNext ValueHigh
1.037.4513.86
Details
13 Analysts
Consensus
LowTarget PriceHigh
10.0019.9045.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bluebird Bio. Your research has to be compared to or analyzed against Bluebird Bio's peers to derive any actionable benefits. When done correctly, Bluebird Bio'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 Bluebird Bio.

Bluebird Bio Backtested Returns

Bluebird Bio appears to be slightly risky, given 3 months investment horizon. Bluebird Bio secures Sharpe Ratio (or Efficiency) of 0.0896, which signifies that the company had 0.0896% 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 Bluebird Bio technical indicators you can presently evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Bluebird Bio's Downside Deviation of 6.08, risk adjusted performance of 0.114, and Mean Deviation of 4.92 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Bluebird Bio holds a performance score of 6. The firm shows a Beta (market volatility) of 2.0104, which signifies a somewhat significant risk relative to the market. Let's try to break down what Bluebird'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, Bluebird Bio will likely underperform. Although it is vital to follow Bluebird Bio 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-seven technical indicators for Bluebird Bio, which you can use to evaluate the performance of the firm. Please makes use of Bluebird Bio semi variance, and the relationship between the maximum drawdown and accumulation distribution to make a quick decision on whether Bluebird Bio price patterns will revert.

Auto-correlation

    
  0.36  

Below average predictability

Bluebird Bio has below average predictability. Overlapping area represents the amount of predictability between Bluebird Bio time series from 9th of December 2020 to 4th of December 2021 and 4th of December 2021 to 29th of November 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 Bluebird Bio price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Bluebird Bio price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.12
Residual Average0.0
Price Variance3.79

Bluebird Bio lagged returns against current returns

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

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

Bluebird Bio Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bluebird Bio 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 Bluebird Bio

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 Bluebird Bio 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 Bluebird Bio will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bluebird Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bluebird Bio 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 Bluebird Bio - 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 Bluebird Bio to buy it.
The correlation of Bluebird Bio 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 Bluebird Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bluebird Bio 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 Bluebird Bio 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 Bluebird Bio Correlation, Bluebird Bio Volatility and Bluebird Bio Alpha and Beta module to complement your research on Bluebird Bio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running Bluebird Bio price analysis, check to measure Bluebird Bio'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 Bluebird Bio is operating at the current time. Most of Bluebird Bio's value examination focuses on studying past and present price action to predict the probability of Bluebird Bio's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bluebird Bio's price. Additionally, you may evaluate how the addition of Bluebird Bio to your portfolios can decrease your overall portfolio volatility.
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Bluebird Bio 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 Bluebird Bio technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Bluebird Bio 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...