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Biotech / Medical : Biotech Valuation
CRSP 50.19+1.8%Nov 21 9:30 AM EST

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To: Biomaven who wrote (4042)6/6/2001 4:27:49 PM
From: Biomaven  Read Replies (3) of 52153
 
I've often talked on this thread about how much biotech stocks are sometimes driven in the short term by the "Old Economy/New Economy" dichotomy as measured by the ratio of the NASD to the DOW on the one hand and the biotechs (BTK) to the pharmas (DRG) on the other.

I finally got around to prevailing on one of my kids (thanks Ted!) to work some web/photoshop magic and put up some charts on the web so others can see this for themselves. Here are the comparative charts (10-minute intervals) for the last week or so:

24.147.1.28

We included an overlay to show just how close this match can be on a minute-by-minute basis. (This is a rough-and-ready comparison because the scales and the standard deviation of the two graphs really need to be matched to get a proper overlay).

Peter
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