Fortress Biotech Stock Market Value
| FBIO Stock | USD 2.13 0.30 16.39% |
| Symbol | Fortress |
Fortress Biotech Price To Book Ratio
Is Biotechnology space 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 Fortress Biotech. If investors know Fortress 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 Fortress 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 (27.73) | Revenue Per Share 6.15 | Quarterly Revenue Growth (0.14) | Return On Assets (0.36) | Return On Equity (17.40) |
The market value of Fortress Biotech is measured differently than its book value, which is the value of Fortress that is recorded on the company's balance sheet. Investors also form their own opinion of Fortress Biotech's value that differs from its market value or its book value, called intrinsic value, which is Fortress 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 Fortress Biotech's market value can be influenced by many factors that don't directly affect Fortress 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 Fortress Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortress Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortress 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.
Fortress 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 Fortress 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 Fortress Biotech.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fortress Biotech on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fortress Biotech or generate 0.0% return on investment in Fortress Biotech over 30 days. Fortress Biotech is related to or competes with Mustang Bio, Achilles Therapeutics, Aptose Biosciences, Fortress Biotech, Checkpoint Therapeutics, Avenue Therapeutics, and Pieris Pharmaceuticals. Fortress Biotech, Inc., a biopharmaceutical company, develops and commercializes pharmaceutical and biotechnology produc... More
Fortress 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 Fortress 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 Fortress Biotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.84 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 26.13 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 9.19 |
Fortress Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortress Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortress Biotech's standard deviation. In reality, there are many statistical measures that can use Fortress Biotech historical prices to predict the future Fortress Biotech's volatility.| Risk Adjusted Performance | 0.0373 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 0.11 |
Fortress Biotech Backtested Returns
Fortress Biotech appears to be somewhat reliable, given 3 months investment horizon. Fortress Biotech secures Sharpe Ratio (or Efficiency) of 0.0496, which denotes the company had a 0.0496% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortress Biotech, which you can use to evaluate the volatility of the firm. Please utilize Fortress Biotech's Mean Deviation of 3.43, coefficient of variation of 2649.35, and Downside Deviation of 4.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fortress Biotech holds a performance score of 3. The firm shows a Beta (market volatility) of 1.6, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fortress Biotech will likely underperform. Please check Fortress Biotech's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Fortress Biotech's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Fortress Biotech has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fortress Biotech time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Fortress Biotech price movement. The serial correlation of -0.77 indicates that around 77.0% of current Fortress Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Fortress Biotech lagged returns against current returns
Autocorrelation, which is Fortress 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 Fortress Biotech's stock expected returns. We can calculate the autocorrelation of Fortress Biotech returns to help us make a trade decision. For example, suppose you find that Fortress 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 |
Fortress 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 Fortress Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortress Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortress Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Fortress Biotech Lagged Returns
When evaluating Fortress Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortress Biotech stock have on its future price. Fortress 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, Fortress Biotech autocorrelation shows the relationship between Fortress Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Fortress Biotech.
Regressed Prices |
| Timeline |
Pair Trading with Fortress 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 Fortress 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 Fortress Biotech will appreciate offsetting losses from the drop in the long position's value.Moving against Fortress Stock
The ability to find closely correlated positions to Fortress 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 Fortress 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 Fortress 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 Fortress Biotech to buy it.
The correlation of Fortress 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 Fortress Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortress 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 Fortress 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 Fortress Biotech Correlation, Fortress Biotech Volatility and Fortress Biotech Alpha and Beta module to complement your research on Fortress Biotech. To learn how to invest in Fortress Stock, please use our How to Invest in Fortress Biotech guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Fortress 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.