Belite Bio Adr Stock Price on December 4, 2024

If you're considering investing in Belite Stock, it is important to understand the factors that can impact its price. Belite Bio ADR secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Belite Bio's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk.
  
Belite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
BLTE
Based on monthly moving average Belite Bio is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Belite Bio by adding Belite Bio to a well-diversified portfolio.

Belite Bio Valuation on December 4, 2024

It is possible to determine the worth of Belite Bio on a given historical date. On December 4, 2024 Belite was worth 65.5 at the beginning of the trading date compared to the closed value of 66.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Belite Bio stock. Still, in general, we apply an absolute valuation method to find Belite Bio's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Belite Bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Belite Bio's related companies.
 Open High Low Close Volume
  64.20    67.08    63.55    65.00    60,234  
12/04/2024
  65.50    68.57    64.33    66.99    32,376  
  69.40    74.00    63.50    65.02    107,429  
Backtest Belite Bio  |  Belite Bio History  |  Belite Bio Valuation   PreviousNext  
Open Value
65.5
66.99
Closing Value
78.07
Upside

Belite Bio Trading Date Momentum on December 4, 2024

On December 05 2024 Belite Bio ADR was traded for  65.02  at the closing time. The top price for the day was 74.00  and the lowest listed price was  63.50 . The trading volume for the day was 107.4 K. The trading history from December 5, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.94% . The overall trading delta against the current closing price is 3.60% .

Belite Bio ADR Fundamentals Correlations and Trends

By evaluating Belite Bio's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Belite Bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Belite financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Belite Bio Stock history

Belite Bio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Belite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Belite Bio ADR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Belite Bio stock prices may prove useful in developing a viable investing in Belite Bio
Belite Bio, Inc, a clinical-stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases. Belite Bio, Inc operates as a subsidiary of Lin Bioscience International Ltd. Belite Bio operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.

Belite Bio Stock Technical Analysis

Belite 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 Belite Bio technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Belite 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...

Price Boundaries

Belite Bio Period Price Range

Low
December 6, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Belite Bio ADR cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Belite Bio December 6, 2024 Market Strength

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

Belite Bio Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Belite Bio's price direction in advance. Along with the technical and fundamental analysis of Belite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Belite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Belite Stock analysis

When running Belite Bio's price analysis, check to measure Belite 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 Belite Bio is operating at the current time. Most of Belite Bio's value examination focuses on studying past and present price action to predict the probability of Belite Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Belite Bio's price. Additionally, you may evaluate how the addition of Belite Bio to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Bonds Directory
Find actively traded corporate debentures issued by US companies