89bio Inc Stock Price on December 12, 2024
ETNB Stock | USD 6.92 0.17 2.52% |
If you're considering investing in 89bio Stock, it is important to understand the factors that can impact its price. As of today, the current price of 89bio stands at 6.92, as last reported on the 23rd of January, with the highest price reaching 7.20 and the lowest price hitting 6.66 during the day. 89bio Inc secures Sharpe Ratio (or Efficiency) of -0.0208, which signifies that the company had a -0.0208 % return per unit of volatility over the last 3 months. 89bio Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 89bio's Market Risk Adjusted Performance of (0.30), mean deviation of 3.25, and Variance of 23.13 to double-check the risk estimate we provide.
89bio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
89bio |
Sharpe Ratio = -0.0208
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Estimated Market Risk
4.81 actual daily | 42 58% of assets are more volatile |
Expected Return
-0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 89bio 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 89bio by adding 89bio to a well-diversified portfolio.
Related Headline
Stoke Therapeutics Headline on 12th of December 2024
Stoke Therapeutics, Inc. CEO Edward M. Md Kaye Sells 6,786 S... by thelincolnianonline.com
Stoke Therapeutics, Inc. CEO Edward M. Md Kaye sold 6,786 shares of the firms stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of 12.99, for a total transaction of 88,150.14. Following the completion of the sale, the chief executive officer
89bio Valuation on December 12, 2024
It is possible to determine the worth of 89bio on a given historical date. On December 12, 2024 89bio was worth 8.0 at the beginning of the trading date compared to the closed value of 7.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 89bio stock. Still, in general, we apply an absolute valuation method to find 89bio'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 89bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 89bio's related companies.
Open | High | Low | Close | Volume | |
8.10 | 8.15 | 7.92 | 8.04 | 518,527 | |
12/12/2024 | 8.00 | 8.03 | 7.79 | 7.85 | 662,893 |
7.82 | 7.89 | 7.44 | 7.69 | 1,072,427 |
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89bio Trading Date Momentum on December 12, 2024
On December 13 2024 89bio Inc was traded for 7.69 at the closing time. The top price for the day was 7.89 and the lowest listed price was 7.44 . The trading volume for the day was 1.1 M. The trading history from December 13, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.04% . The daily price change against the current closing price is 0.76% . |
89bio Inc Fundamentals Correlations and Trends
By evaluating 89bio'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 89bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 89bio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 89bio Stock history
89bio 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 89bio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 89bio Inc 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 89bio stock prices may prove useful in developing a viable investing in 89bio
89bio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. The company also intends to develop pegozafermin for the treatment of severe hypertriglyceridemia. 89bio, Inc. was incorporated in 2018 and is headquartered in San Francisco, California. 89Bio operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 41 people.
89bio Stock Technical Analysis
89bio 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.
Price Boundaries
89bio Period Price Range
Low | January 23, 2025
| High |
0.00 | 0.00 |
89bio Inc 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.
89bio January 23, 2025 Market Strength
Market strength indicators help investors to evaluate how 89bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 89bio shares will generate the highest return on investment. By undertsting and applying 89bio stock market strength indicators, traders can identify 89bio Inc entry and exit signals to maximize returns
89bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 89bio's price direction in advance. Along with the technical and fundamental analysis of 89bio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 89bio 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.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.33) | |||
Treynor Ratio | (0.31) |
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Complementary Tools for 89bio Stock analysis
When running 89bio's price analysis, check to measure 89bio'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 89bio is operating at the current time. Most of 89bio's value examination focuses on studying past and present price action to predict the probability of 89bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 89bio's price. Additionally, you may evaluate how the addition of 89bio to your portfolios can decrease your overall portfolio volatility.
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