Unity Biotechnology Stock Beta
| UBX Stock | USD 1.21 0.02 1.68% |
Unity Biotechnology fundamentals help investors to digest information that contributes to Unity Biotechnology's financial success or failures. It also enables traders to predict the movement of Unity Stock. The fundamental analysis module provides a way to measure Unity Biotechnology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Unity Biotechnology stock.
Unity | Beta |
Unity Biotechnology Company Beta Analysis
Unity Biotechnology's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Unity Biotechnology Beta | 0.83 |
Most of Unity Biotechnology's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Unity Biotechnology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Unity Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Unity Biotechnology is extremely important. It helps to project a fair market value of Unity Stock properly, considering its historical fundamentals such as Beta. Since Unity Biotechnology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Unity Biotechnology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Unity Biotechnology's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Unity Biotechnology has a Beta of 0.827. This is 3.84% lower than that of the Biotechnology sector and 40.5% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Unity Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Unity Biotechnology's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Unity Biotechnology could also be used in its relative valuation, which is a method of valuing Unity Biotechnology by comparing valuation metrics of similar companies.Unity Biotechnology is currently under evaluation in beta category among its peers.
Unity Biotechnology Institutional Holders
Institutional Holdings refers to the ownership stake in Unity Biotechnology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Unity Biotechnology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Unity Biotechnology's value.| Shares | Founders Fund V Management, Llc | 2024-06-30 | 49.2 K | Wells Fargo & Co | 2024-06-30 | 43.4 K | Cercano Management Llc | 2024-09-30 | 41.2 K | State Street Corp | 2024-06-30 | 37.8 K | Bridgeway Capital Management, Llc | 2024-09-30 | 25 K | Commonwealth Equity Services Inc | 2024-06-30 | 24.6 K | Northern Trust Corp | 2024-09-30 | 22.5 K | Susquehanna International Group, Llp | 2024-06-30 | 17.8 K | Endowment Wealth Management, Inc. | 2024-09-30 | 13.5 K | Arch Venture Corp | 2024-09-30 | 1 M | Alyeska Investment Group, L.p. | 2024-09-30 | 920 K |
As returns on the market increase, Unity Biotechnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Unity Biotechnology is expected to be smaller as well.
Unity Fundamentals
| Return On Equity | -0.87 | ||||
| Return On Asset | -0.3 | ||||
| Current Valuation | 12.05 M | ||||
| Shares Outstanding | 16.85 M | ||||
| Shares Owned By Insiders | 1.30 % | ||||
| Shares Owned By Institutions | 20.54 % | ||||
| Number Of Shares Shorted | 287.56 K | ||||
| Price To Book | 1.44 X | ||||
| Price To Sales | 6.54 X | ||||
| Gross Profit | (35.22 M) | ||||
| EBITDA | (37.28 M) | ||||
| Net Income | (39.86 M) | ||||
| Cash And Equivalents | 64.51 M | ||||
| Cash Per Share | 9.26 X | ||||
| Total Debt | 26.99 M | ||||
| Debt To Equity | 1.30 % | ||||
| Current Ratio | 4.13 X | ||||
| Book Value Per Share | 0.84 X | ||||
| Cash Flow From Operations | (37.09 M) | ||||
| Short Ratio | 4.02 X | ||||
| Earnings Per Share | (1.28) X | ||||
| Target Price | 7.0 | ||||
| Number Of Employees | 19 | ||||
| Beta | 0.83 | ||||
| Market Capitalization | 20.39 M | ||||
| Total Asset | 65.69 M | ||||
| Retained Earnings | (484.35 M) | ||||
| Working Capital | 38.77 M | ||||
| Net Asset | 65.69 M |
About Unity Biotechnology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Unity Biotechnology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Unity Biotechnology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Unity Biotechnology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Unity Stock Analysis
When running Unity Biotechnology's price analysis, check to measure Unity Biotechnology'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 Unity Biotechnology is operating at the current time. Most of Unity Biotechnology's value examination focuses on studying past and present price action to predict the probability of Unity Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Biotechnology's price. Additionally, you may evaluate how the addition of Unity Biotechnology to your portfolios can decrease your overall portfolio volatility.