Bellus Stock Alpha and Beta Analysis

BLU
 Stock
  

USD 11.39  0.04  0.35%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Bellus Health. It also helps investors analyze the systematic and unsystematic risks associated with investing in Bellus Health over a specified time horizon. Remember, high Bellus Health's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Continue to Bellus Health Backtesting, Bellus Health Valuation, Bellus Health Correlation, Bellus Health Hype Analysis, Bellus Health Volatility, Bellus Health History and analyze Bellus Health Performance.
  
Please note that although Bellus Health alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Bellus Health did 0.51  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Bellus Health stock's relative risk over its benchmark. Bellus Health has a beta of 0.91  . Let's try to break down what Bellus's beta means in this case. Bellus Health returns are very sensitive to returns on the market. As the market goes up or down, Bellus Health is expected to follow.
Bellus Health Book Value per Share is comparatively stable at the moment as compared to the past year. Bellus Health reported Book Value per Share of 3.73 in 2021. Tangible Assets Book Value per Share is likely to gain to 4.05 in 2022, whereas Price to Book Value is likely to drop 2.69 in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Bellus Health Quarterly Book Value per Share

2.473

Bellus Health Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Bellus Health market risk premium is the additional return an investor will receive from holding Bellus Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bellus Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Bellus Health's performance over market.
α0.51   β0.91
90 days against DJI

Bellus Health expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Bellus Health's Buy-and-hold return. Our buy-and-hold chart shows how Bellus Health performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Bellus Health Market Price Analysis

Market price analysis indicators help investors to evaluate how Bellus Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bellus Health shares will generate the highest return on investment. By understating and applying Bellus Health stock market price indicators, traders can identify Bellus Health position entry and exit signals to maximize returns.

Bellus Health Return and Market Media

The median price of Bellus Health for the period between Fri, May 20, 2022 and Thu, Aug 18, 2022 is 9.11 with a coefficient of variation of 13.55. The daily time series for the period is distributed with a sample standard deviation of 1.25, arithmetic mean of 9.26, and mean deviation of 1.0. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Other06/01/2022
2
Are Medical Stocks Lagging Bellus Health This Year - Nasdaq06/07/2022
3
You think Bellus Health debt is an issue for private investo...06/15/2022
4
EPS Estimate06/30/2022
5
Other07/05/2022
6
TFSA Investors 3 Stocks That Havent Lost Money in 2022 By Th...07/07/2022
7
Other07/12/2022
8
Bellus Health Shares Fall After Company Announces Launch of ...07/13/2022
9
Other07/14/2022
10
Other07/18/2022
11
Study Review Shows Greater Promise for Biopharma Co.s Cough ...08/02/2022
12
EPS Reported08/10/2022
13
BELLUS Health Price Target Raised to 20.00 - MarketBeat08/11/2022

About Bellus Health Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Bellus or other stocks. Alpha measures the amount that position in Bellus Health has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 (projected)
Book Value per Share3.733.83
Asset Turnover9.0E-48.95E-4

Bellus Health Upcoming Company Events

As portrayed in its financial statements, the presentation of Bellus Health's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bellus Health's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Bellus Health's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Bellus Health. Please utilize our Beneish M Score to check the likelihood of Bellus Health's management manipulating its earnings.
Upcoming Quarterly Report24th of February 2022
Next Financial Report9th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Continue to Bellus Health Backtesting, Bellus Health Valuation, Bellus Health Correlation, Bellus Health Hype Analysis, Bellus Health Volatility, Bellus Health History and analyze 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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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...