Biogen (Germany) Price on June 11, 2024
IDP Stock | 141.10 0.95 0.67% |
If you're considering investing in Biogen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Biogen stands at 141.10, as last reported on the 23rd of December, with the highest price reaching 141.10 and the lowest price hitting 139.70 during the day. Biogen Inc secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Biogen Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Biogen's Standard Deviation of 1.67, mean deviation of 1.17, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide.
Biogen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Biogen |
Sharpe Ratio = -0.1886
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Estimated Market Risk
1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Biogen 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 Biogen by adding Biogen to a well-diversified portfolio.
Biogen Valuation on June 11, 2024
It is possible to determine the worth of Biogen on a given historical date. On June 11, 2024 Biogen was worth 210.0 at the beginning of the trading date compared to the closed value of 211.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biogen stock. Still, in general, we apply an absolute valuation method to find Biogen'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 Biogen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biogen's related companies.
Open | High | Low | Close | Volume | |
209.10 | 212.80 | 208.80 | 211.10 | 281.00 | |
06/11/2024 | 210.00 | 212.00 | 210.00 | 211.80 | 121.00 |
207.40 | 213.40 | 207.40 | 213.40 | 88.00 |
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Biogen Trading Date Momentum on June 11, 2024
On June 12 2024 Biogen Inc was traded for 213.40 at the closing time. The highest price during the trading period was 213.40 and the lowest recorded bid was listed for 207.40 . The volume for the day was 88.0. This history from June 12, 2024 contributed to the next trading day price appreciation. The trading delta at closing time to the next closing price was 0.76% . The overall trading delta to the current price is 0.76% . |
Biogen Inc Fundamentals Correlations and Trends
By evaluating Biogen'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 Biogen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biogen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Biogen Stock history
Biogen 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 Biogen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biogen 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 Biogen stock prices may prove useful in developing a viable investing in Biogen
Biogen Stock Technical Analysis
Biogen 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
Biogen Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
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Biogen December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Biogen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biogen shares will generate the highest return on investment. By undertsting and applying Biogen stock market strength indicators, traders can identify Biogen Inc entry and exit signals to maximize returns
Biogen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Biogen's price direction in advance. Along with the technical and fundamental analysis of Biogen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biogen 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 | (0.16) | |||
Jensen Alpha | (0.35) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | (1.20) |
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Additional Tools for Biogen Stock Analysis
When running Biogen's price analysis, check to measure Biogen'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 Biogen is operating at the current time. Most of Biogen's value examination focuses on studying past and present price action to predict the probability of Biogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biogen's price. Additionally, you may evaluate how the addition of Biogen to your portfolios can decrease your overall portfolio volatility.