Bright Minds Biosciences Inc (DRUG)

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The chart shows the growth of an initial investment of $10,000 in Bright Minds Biosciences Inc, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Bright Minds Biosciences Inc (DRUG) has returned -6.50% so far this year and 102.30% over the past 12 months.

Based on dividend-adjusted daily data since Mar 22, 2021, DRUG's average daily return is +1.31%, while the average monthly return is +62.67%. At this rate, your investment would double in approximately 0.1 years.

Historically, 39% of months were positive and 61% were negative. The best month was Oct 2024 with a return of +3,900.0%, while the worst month was Aug 2023 at -48.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.

On a daily basis, DRUG closed higher 40% of trading days. The best single day was Oct 15, 2024 with a return of +1,445.8%, while the worst single day was Aug 19, 2022 at -42.4%.

Bright Minds Biosciences Inc has an annualized alpha of 2492.77%, beta of 0.17, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 23, 2021.

• This stock captured 50.39% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -36.33%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.17 may look defensive, but with R² of 0.00 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R² of 0.00 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DRUG ranks 81 for risk / return — in the top 81% of stocks on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Bright Minds Biosciences Inc (DRUG) and compare them to a chosen benchmark (S&P 500 Index).

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Bright Minds Biosciences Inc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Bright Minds Biosciences Inc was 97.68%, occurring on Jul 11, 2024. Recovery took 70 trading sessions.

The current Bright Minds Biosciences Inc drawdown is 23.98%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Bright Minds Biosciences Inc over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Bright Minds Biosciences Inc is priced in the market compared to other companies in the Biotechnology industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.