![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, December 15, 2021 11:13:33 AM
https://seekingalpha.com/amp/article/4473584-ibb-and-xbi-four-reasons-to-buy-biotech-stocks-ahead-of-2022
"Here are some interesting data regarding the biotech space right now:
100 stocks are trading below the cash they have on their balance sheets.
210 stocks are trading with a cash/market-cap ratio <2.
447 stocks are trading at oversold territory (i.e. RSI <30).
Basically, buying biotechs right now is the equivalent of buying cash, and in many cases you get more than $1 of cash for every $1 you put into this space.
Using the XBI/SPY, you can see that not only is the ratio at the lowest level in about 8.5 years, but it's around the same level it was at the bottom of the subprime crisis...
4. A negative year is usually followed by a very good year
4 "Negative" years (total return <0% and >-20%), each of those with a double-digit negative returns.
7 "Very Positive" years (total return 20%+ total return).
4 "Positive" years (total return >0% and <20%), all of those a decade or more ago.
Not a single "Very Negative" year (total return <-20%) been recorded.
Over the past decade (2012 on), after each of the two negative years came a "Very Positive" year, with an average return of 30.66%.
Over the past 20 years (2002 on), there was no case of two consecutive negative years."
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM