Deep dive · NasdaqGS: BILI
Bilibili Inc. stock analysis
Everything behind the call on Bilibili Inc. 6 sections, ordered the way risk stacks up: survival first, quality and price in the middle, context last. The Beacon gives you the read. This is where you check the work.
The five reads
Global tapeOverseas lean-0.48%
Frankfurt71BA+1.00%⏱London0T3W-2.91%⏱MéxicoBILIN0.00%⏱ZurichBILI0.00%⏱
Where else this company trades. A closed venue shows its last close, marked ⏱ — not a live price. Overseas lean is the average move across the 4 overseas venues listed above, excluding the home listing — a read on overnight sentiment rather than a signal.
The bottom linestart hereAs of 2026-09-25
Wall Street rating
Buy
+81% to the average target
97% buy · 3% hold · 0% sell
median target $27
median target $27
Chart pattern
Below both averages
The 50-day sits below the 200-day
50-day $16.84 · -11.6%
200-day $22.24 · -33.0%
200-day $22.24 · -33.0%
Earnings
In 46 days
12 Nov 2026 · options imply ±7.2%
beat 7–8 of the last 8
cohort P(beat) 79% · n=35,343
cohort P(beat) 79% · n=35,343
Valuation
11.6× forward
1st of its own five-year range
5yr median 59×
FCF yield 86.70%
FCF yield 86.70%
Dividend
0.00%
A rounding error against cash — this is a capital-gains position
Risk flags
1 critical
5 checks run, 3 clear
beta 1.57 · vol 40% ann.
worst drawdown -60%
worst drawdown -60%
New to this? Every metric carries a plain-English read beside it, and an ⓘ next to a label opens the definition. Anything unfamiliar is also defined at the foot of the page under Glossary.
NasdaqGS · USDInternet Content & Information
$14.90+0.09 · +0.57%CLOSED · vol 1.33M
52-week range↑ 4% off low · ↓ 59.1% off high
$14.39now $14.90$36.40
Quote Sep 25, 2026 · 4:00 PM ET
Tape 2026-09-25
Factors 2026-09-25
Tape 2026-09-25
Factors 2026-09-25
01Ratios · Jul 7, 2026SOLVENCY IN QUESTION
Survival & solvency
Altman-Z of 0.3 against a 3.0 safe threshold, interest covered 7.5×, and 3 of 5 forensic checks clear.
↳ Plain EnglishBefore anything else: can this company pay its bills? These blocks check the balance sheet, whether your slice of ownership is being diluted, and whether the accounting looks honest.
Bankruptcy risk (Altman-Z)
0.33DISTRESS ZONE
Distress<1.8
Grey1.8–3.0
Safe>3.0
Profitability, leverage and liquidity combined into one number. Above 3.0 is the safe band.
Balance sheetJul 7, 2026
Distance to default (Merton)STRESSED
0.8σ
How many standard deviations of asset value sit between the company and its debt. Above 4σ is comfortable.
1-year default probabilityEDF-CALIBRATED
2.97%
Calibrated against how often companies at this distance actually defaulted, rather than assuming a normal distribution.
Piotroski F-scoreCLEAR
F 7/9
Piotroski F-score 7 of 9. Nine pass/fail tests covering profitability, leverage and operating efficiency; seven or more is strong.
Solvency and liquidity ratios
Current ratioshort-term assets against short-term bills1.36×healthy >2
Debt / equityborrowings against shareholder capital0.63
Interest coverageoperating profit against the interest bill7.5×healthy >5
Net cashcash on hand in excess of every borrowing$2.40B
Your ownership stake
Share-count growth vs peersHIGH DILUTION
67th pctile
Where this name's share-count growth ranks among peers. Lower is less dilutive.
Buyback yieldGROSS
1.62%
Repurchases as a share of market value, before new issuance is netted off.
Stock-based comp / revenueIN LINE
3.9%
Stock comp is the dilution pressure a buyback has to outrun. We read up to 5% of revenue as modest and above 12% as heavy — our own reading band, not a measured peer statistic.
SBC / operating cash flowFALLING
115%
How much of the cash the business generates is being handed to employees as stock. The higher it runs, the more of a buyback is just offsetting it.
Diluted vs basic share gapTHIN OVERHANG
0.00%
Options and awards already granted, expressed as the gap between the diluted and basic counts.
Accounting forensicsSEC filings
Red-flag x-rayGRADE B
70 / 100
1 critical · 1 watch · 3 clear of 5 scored tests
Red-flag x-ray · every check, passes included
CheckStatusValueWhat it looks for
Bankruptcy distressCRITICALZ 0.33Altman-Z in the Distress · fundamentals
Earnings manipulationCLEARM -3.25M-score in range · fundamentals
LeverageCLEARLTD/E 0.31long-term debt 0.31× equity · fundamentals
Profitability qualityCLEARF 7/9Piotroski F-score 7 of 9 · fundamentals
Filing forensicsWATCH2 flags2 filing red flags on the latest 10-K · forensic
5 checks, 3 clear and 1 watch and 1 critical. The passes are shown because a score built from five checks means something different from one built from three.
02Refreshed · Sep 27, 2026FAIR · 53/100
Business quality
4% net margin, 8% return on equity, +13% revenue growth, and capital earning 10% against a 6% cost.
↳ Plain EnglishMargins tell you how much of each sales dollar the company keeps. Return on capital tells you whether reinvesting that money creates value. Both are read against what the filings support, not against a target.
Quality score
53 / 100FAIR
Profitability, growth and balance strength scored separately, then blended.
ProfitabilityRefreshed · Sep 27, 2026
Net marginOF EVERY SALES DOLLAR
3.9%
The share of revenue that survives every cost and becomes profit.
Gross marginPRICING POWER
36.6%
What is left of a sales dollar before overhead — the clearest read on pricing power.
Operating marginAFTER RUNNING COSTS
3.7%
What survives the cost of running the whole business.
Return on equityPER $1 OF EQUITY
7.7%
Annual return on each dollar of shareholder equity.
ROIC − WACC spreadCREATES VALUE
4.0pp
Earns 10% on invested capital that costs about 6%. A positive spread means every retained dollar compounds rather than leaks.
Asset growth vs peersIN LINE
78th pctile
The balance sheet grew +31% on the year. Fast asset growth is usually a ramp; occasionally it is the start of an inventory problem.
Growth & relative strength
Trailing return by period
1 month-11.2%
3 months-11.7%
6 months-33.3%
Year to date-43.5%
1 year-45.5%
Revenue growth (YoY)GROWING
+13.1%
Revenue against the same period a year ago.
12-1 momentumEX LAST MONTH
-38.5%
Return over the last year excluding the most recent month — the standard momentum factor, which drops the short-term reversal.
Relative-strength rankBOTTOM 37%
37 / 100
Where this name's 3-month return against the S&P 500 ranks across the market — a quarter's standing, not the year's.
Around earningsAug 27, 2026
P(beat next quarter)COHORT BASE RATE
79%
survivor-tilted universe (currently-listed names; large-cap-skewed coverage)
Beat rate · this nameBEAT 7–8 OF THE LAST 8
7 of 8
Its own record against consensus. 8 prints is a small sample, which is why the cohort rate above carries the probability.
Fell after a beatP(FELL | BEAT)
57%
A beat is not a plan: this share of them still closed lower on the day.
Typical earnings moveMEDIAN ABSOLUTE
±7.3%
Unsigned magnitudes from its own prints. Direction is not part of this read.
Reaction: beat vs missASYMMETRIC
-1.6% / -4.7%
The average day-one move after a beat and after a miss. A miss dropping the stock further than a beat lifts it is the asymmetry worth sizing for.
Sells the newsON THE PRINT
No
No habit of selling off on a good report in the measured window.
Dividends & income
Data unavailableThis company does not pay a dividend. There is no yield, payout ratio or ex-dividend date to show, and the return case rests entirely on capital gains.
Signal
Not an income position.
No dividend is declared, so nothing here contributes to total return except the price. That is a fact about the security, not a criticism of it.
Inventory ledger
Data unavailableNo inventory detail is tagged in this company's filings. The ledger needs the XBRL inventory components, which a business without physical goods does not report.
Segments & geography
Data unavailableRevenue by segment and region is not on file for this name, so product and geographic concentration are not shown.
Pattern reliability · platform-wide cohortSnapshot · Sep 27, 2026
Downtrend · leans bearish
HorizonHigherMedianObservations
10d47%0.0%1,264,444
21d48%0.0%596,577
63d47%-0.6%187,417
slope -0.27 over 40 bars
Long legged doji
HorizonHigherMedianObservations
10d48%0.0%172,242
21d49%0.0%81,011
63d49%-0.2%25,751
indecision, long shadows
Falling wedge · leans bullish
HorizonHigherMedianObservations
10d50%0.0%430,231
21d50%0.0%203,310
63d50%+0.1%64,486
falling & converging — bullish
031ST OF ITS 5-YEAR RANGE
Price & timing
Price $14.90, 11.6× forward earnings, RSI 40, and dealers short gamma.
↳ Plain EnglishA multiple is what the market charges for a dollar of this company's earnings, cash or revenue; the trend and the options tape say what the price is doing around it. Together they are the timing picture, not the quality one.
Trend
Below every average0 OF 3 AVERAGES
50-day $16.84 · 200-day $22.24. Price above both is the structural definition of an uptrend.
The setup right now
Price · 504 sessions2024-09-23 → 2026-09-25
price50-day200-daylevel
How to read this
Up 0.57% on the session.
Follow the solid line: each point is a session close. Compare it to the 50-day average — while price stays above it the short-term trend is up, and a drop below is the first structural warning.
The dashed levels are the strikes the options chain is most committed to. They are the same numbers the gamma block states; nothing here is drawn that no section derives.
Momentum (RSI-14)COOL
40
030 oversold70 hot100
Where momentum sits on a 0–100 scale. Above 70 is overbought, below 30 oversold; the middle says the move has room either way.
Typical day (ATR-14)±3.1%
$0.47
The average true range — how far this stock moves on an ordinary day. It sets the scale a stop has to clear.
MACDABOVE SIGNAL
+0.03
The short-term trend against its own signal line. The sign is the read; the size is not a target.
Bollinger position25% OF RANGE
Mid band
Where price sits inside its own volatility band. The edges are where a move is stretched, not where it reverses.
20-day VWAPPRICE BELOW
$15.49
The volume-weighted average of the last month. Price above it means recent buyers are, on average, in profit.
Chandelier exitBROKEN
$15.73
A volatility-based trailing stop, set a few average ranges below the recent high.
12 Nov 2026 · in 46 daysNext earningsThe next scheduled catalyst. The forward guide usually moves the tape more than the printed number. Date as the vendor last stated it on 5 Sept; companies confirm about three weeks ahead, so it can still move.
2026-09-29 · in 2 daysJob Openings (JOLTS)A scheduled macro release. It moves this stock independently of anything the company does.
Setup & oddsNightly
Pullback riskoverstretch read
In line1.08× segment rate · n=11,971
Historically, mid names in this tape state saw a ≥10% pullback within 63 trading days in 85% of cases (n=11,971).
Overstretchvs the 20-day mean
-1.0σ
How many standard deviations price sits from its 20-day mean. Beyond 2σ is genuinely stretched; inside it is ordinary.
Bottom zoneif it breaks down
$14 – $153 supports
Where prior demand appeared: S1 at $14.82, Pivot low at $14.39, Low 52w at $14.39.
Slide scorefalling-knife check
38 / 100Neutral
A composite of consecutive down days, gap risk and volume expansion. Low means any decline is orderly.
Signal
The odds lean, the stretch qualifies it.
Not enough fundamental coverage to score this name's red-flag cohort — no 12-month odds shown.
Valuation
Earnings yield vs cashBELOW CASH
-1.68pp
Cash pays more than the earnings yield today, so what you are buying is future growth rather than a current return.
Net cash per shareCASH BACKING
$5.70
Cash less every borrowing, per share. It is the part of the price that is not a claim on future profits.
Multiples
Forward P/Eearnings expected over the next 12 months11.6×5yr median 59×
Trailing P/Eearnings already reported27.6×1st of its 5yr range
PEG ratioP/E divided by growth; near 1 reads fair for the growth0.39
Price / salesprice against revenue, before any of it becomes profit0.2×5yr median 2.3×
Price / bookprice against the accounting value of the assets0.4×
EV / EBITDAthe multiple an acquirer would pay1.1×
EV / free cash flowenterprise value against the cash the business throws off0.7×
FCF yieldfree cash flow per dollar of market value86.70%
1 of the 8 priced multiples above sits in the richer half of its band. Each priced multiple is read against this stock's own history where a five-year range is on file, so the question is whether today is dear for this name rather than for the market. The multiples are computed separately from the quote above and are not re-priced as it moves, so they can lag it.
Price horizon & timingSep 25, 2026
Entryzone of 52-week low + pivot low + S1
$14.82In zone
Where the composer's entry sits, on its own stated basis.
TargetBb upper + vwap 50
$16.52$16–$17
A zone, not a price. It is where the composer expects supply, not a forecast.
Stop2× ATR below entry
$13.89risk $0.94/sh
The level that says the setup is wrong, on the basis named beside it.
Risk / rewardtarget vs stop
1.82:1
Reward against risk on the composer's own levels.
Measure from a price$
To the 50-day
+13.1%
short-term trend line · $16.84
To the 200-day
+49.4%
primary trend line · $22.24
To the put wall
+7.5%
heaviest put open interest · $16.00
To the call wall
+14.2%
heaviest call open interest · $17.00
To the composer's target
+10.9%
Bb upper + vwap 50 · set Sep 25, 2026 · $16.52
To the composer's stop
-6.7%
2× ATR below entry · set Sep 25, 2026 · $13.89
To the 52-week high
+144.5%
highest print of the past year · $36.40
To the 52-week low
-3.4%
lowest print of the past year · $14.39
Options-implied week ±7.2%
$13.82 – $15.96
what the chain prices for the week
A typical day (ATR)
$14.42 – $15.36
±$0.47 average true range
Type any price to re-measure every distance from it. Each row is a level this page already states somewhere else, so nothing here is a new number — and none of it is a recommendation to trade at that price.
Signal
The levels line up.
Entry $14.82 · stop $13.89 · target $16.52, a 1.82:1 ratio. The composer flagged: fair-value reference.
Gamma mapChain · Sep 27, 2026
Signal
Short gamma — moves get amplified.
Dealers hedge in the same direction as the move, so swings get bigger both ways rather than one. That argues for a smaller position size, not for a direction.
Options tapeLast snapshot before the 2026-09-18 expiry · Chain · Sep 27, 2026
Max pain+3.7%
$16.00
The strike where most open options would have expired worthless on the last snapshot. That expiry has passed; the next chain read replaces it.
Put / call ratio (OI)CALL-HEAVY
0.78
56% calls
44% puts
Open interest in puts against calls. Heavy call interest often caps how far price can run before expiry.
Put / call ratio (volume)TODAY'S FLOW
1.23
Today's traded flow rather than the standing position. It moves faster and means less.
Expected move (1-week)≈ $1.11
±7.2%
What the chain prices for the week. A range the market is charging for, not a forecast.
Largest open interest · front expiry
StrikeTypeOpen interest
$16.00PUT5,586
$17.00CALL3,960
$16.00CALL2,379
$19.00CALL969
$17.00PUT902
$20.00CALL659
Large call interest above the price acts as a magnet and a ceiling; large put interest below is a floor of hedges. The biggest strike is the level the market is most committed to defending into the next expiry.
Open interest by strikeexpires 2026-09-18 (expired)CallsPutsMax pain $16.00
397
$24.00
0170
$23.00
068
$22.00
093
$21.00
0659
$20.00
1969
$19.00
19495
$18.00
644k
$17.00
9022k
$16.00
6k168
$15.00
37412
$14.00
4219
$13.00
441
$12.00
471
$11.00
34
$10.00
10
$9.00
3
The shaded row is the strike nearest the price. Heavy call interest above acts as a ceiling; heavy put interest below is a floor of hedges.
↑ 52-week high$36.40+135.8%The highest print of the past year.Old highs draw profit-taking on the first attempt.
↑ Call wall$17.00+10.1%Heaviest call open interest on the front expiry.Acts as a ceiling into expiry; a close above usually needs a catalyst.
◇ Max pain$16.00+3.7%Where most open options expire worthless.Price often drifts toward it into the close of the expiry week.
↓ 50-day average$16.84+9.1%The line the short-term trend is measured against.A close beneath it is the first structural warning.
↓ Put wall$16.00+3.7%Heaviest put open interest — a floor of hedges.Dealer buying tends to build as price approaches.
0413F quarterly · Form 4 dailyNET SIGNAL +4
Ownership & flow
Institutions hold 8%, short interest is 8.99% of float, and 7 analysts average $27.
↳ Plain EnglishWho is buying and selling, and what they had to disclose. Institutions file 13F 45 days after quarter end, executives file Form 4 within two days, and Congress discloses under the STOCK Act with a 30–45 day legal lag. Every one of those is a look backwards.
Net signal
+4LEANING · 30d
2 bull / 0 bear factors. The points sum to the net beside the label; nothing here is weighted after the fact.
The QTick signalNightly
Earnings4 QUARTERS · TIMING
+3
latest EPS beat by 3%
Sentiment1–30D · TIMING
+1
7d sentiment elevated (100/100)
Signal
2 bull / 0 bear factors
Independent factors scored and netted to +4 over 30d, a leaning reading. 2 of 9 factors carried a direction; the others scored zero and do not vote. The signal describes where the data leans, not what to do about it.
Cross-category read
Data unavailableFewer independent evidence families are ready than the engine's minimum, so there is nothing to check for agreement. A cross-category read over two categories is not a read.
Wall Street7 covering firms
Consensus rating7 ANALYSTS
Buy
97% buy · 3% hold · 0% sell, as a share of the 7 covering firms.
Median price target+81%
$27
$18now $15$36
A $18–$36 spread across the panel. A twelve-month view, and a wide spread means real disagreement rather than a consensus.
Forward EPS estimateCONSENSUS
$8.64
What the panel expects the company to earn per share.
Who owns it13F quarterly · Form 4 daily
Institutional ownershipRETAIL-HEAVY
8.1%
The share held by 13F filers. It describes last quarter's positioning, not today's — filings land up to 45 days after quarter end.
Insider ownershipOFFICERS & DIRECTORS
0.0%
The share held by the people running the company.
Short interest (float)LIGHT
8.99%
Rising — shares short changed +12.5% over 30 days. A crowded short is fuel in both directions.
Free float81% OF SHARES
273.93M
Shares actually available to trade, excluding insider and restricted holdings.
Dollar volume (ADV)78th PCTILE
$41.27M/day
Average dollars traded per day, and where that ranks cross-sectionally. Thin liquidity is a cost you pay on the way out, not just on the way in.
Borrow feeData unavailableWe do not license securities-lending data, so the annualized cost of borrowing shares to short is not something we can show. Short interest and days-to-cover above are the closest read we can source.
Insider filings · Form 4
InsiderTradeAmountPlanTraded
Fan Xin · Chief Financial OfficerAwardnot on file—16 Sep
Chen Rui · Director, Chairman of the Board and CEO, 10% ownerAwardnot on file—16 Sep
Li Ni · Director, Vice Chairwoman and COOAwardnot on file—16 Sep
Executives must file within two business days. Sales on pre-set 10b5-1 plans are scheduled months ahead and carry little signal; tax withholding, exercises and awards are compensation mechanics, not trades; the open-market lines are the ones to read.
The story · news & sentimentRolling window
Why it moved todayNEWS
+0.57%
BILI rose +0.57% since the last close, amid recent coverage: “Bilibili Sets Record Dates Ahead of October 28 EGM on Off-Market Share Buy-Back - TipRanks” (TipRanks).
News tone · 7-day—
100 / 100
Headline polarity over the window, scored from news articles. Above 60 leans positive, below 40 negative. Colour, not a signal.
Newswire · 46 stories
WhenHeadlineSourceTone
SatBILI261016P00045000 interactive stock chart | BILI Oct 2026 45.000 put stock - Yahoo Finance AustraliaYahoo Finance Australianot scored
FriBilibili Sets Record Dates Ahead of October 28 EGM on Off-Market Share Buy-Back - TipRanksTipRanksnot scored
FriTencent's proposed share sale to Bilibili (BILI) hinges on a linked debt deal and a shareholder vote. - Stock TitanStock Titannot scored
FriBilibili Inc. to Hold Extraordinary General Meeting on October 28, 2026 - The Daily Tribune NewsThe Daily Tribune Newsnot scored
ThuBILI 261016 15.00P (BILI261016P15000) Stock Options Chain | Quotes & News - moomoo.commoomoo.comnot scored
ThuBilibili Files 2026 Interim Report with U.S. and Hong Kong Regulators - TipRanksTipRanksnot scored
ThuBilibili (BILI) publishes its first-half 2026 report under Hong Kong listing requirements. - Stock TitanStock Titannot scored
ThuHong Kong Stock Market Midday Review | The three major indices declined, with the tech index down 1.11%; tech stocks broadly fell, with Baidu and Bilibili both dropping more than 2%; gold and semiconductor stocks weakened, with Zijin Gold International fa - 富途牛牛富途牛牛not scored
Coverage published around the move, newest first. Nothing here measures causation — only the why-it-moved card above is matched to the tape by timestamp.
Congress
Data unavailableNo congressional trades in this name have been disclosed under the STOCK Act. Lawmakers' disclosed trades cluster heavily in large caps, so an empty list is the usual state.
0511 graded callsHIGH VOLATILITY
Risk & track record
Beta 1.57, 40% annual volatility, a -60% worst drawdown, and 4 of 8 risk surfaces clear.
↳ Plain EnglishWhat owning it does to a portfolio, what the model votes against, and how often our own calls have been right. Every call is graded when it resolves, and the ones still open stay visible.
A very bad day (EVT)
−7.1%1-IN-200 DAY
Fitted to the tail of the return distribution rather than assuming a bell curve. Size the position so a day like this is survivable.
What it does to a portfolio5-year window
Beyond the tail (ES)1-IN-1,000 DAY
−13.0%
The average loss on a 1-in-1,000 day or worse — deeper in the tail than the 1-in-200 figure above and further than the measured history reaches, so it reads as the scale of a crash, not a forecast of one.
Tail understatementNEAR-NORMAL
1.2×
The tail runs close to what a normal curve would predict, so volatility is a reasonable proxy for risk here — which is not true of every name.
Max drawdownIT CAN HALVE
-59.9%
The deepest peak-to-trough fall in the measured window. Only hold a position you can watch do this.
Beta (vs the market)AMPLIFIES
1.57
Moves about 1.6× the market over the past year.
Annualized volatilityELEVATED
40%
How far it swings over a year, from its own realized returns.
Tactical phaseNIGHTLY READ
Neutral
Selling pressure53
Buying pressure0
Overheat0
State: neutral — No dominant short-horizon pressure in the tape.
What votes against
Data unavailableNo factor in the model currently votes against this name. That is a statement about the model's inputs today, not a claim that nothing could go wrong.
Failure modes · by company type
Data unavailableFailure modes are routed per company type, and only the bank-run and crypto-treasury rulebooks are validated so far. This name routes as growth, so there is no cohort-specific checklist to run. A generic list would read as analysis without being any.
The risk case · why not to buy8 surfaces · nightly
Suggested position capmax defensible size
2.2%tail cap binds
max defensible size 2.2% - tail binds
Avoid score6-month distress
13.9%1.5× its cohort · most-traded mega-caps
Observational 6-month large-drawdown risk ranking — not a forecast, not alpha. Historical distress rate for this most-traded mega-caps segment: 9.3%. This name reads 1.5× that base rate.
LowDistress screenThe distress model did not score this name in the latest run, so this surface is unmeasured rather than clear.Not scored
MedPosition size, not conviction, is the binding constrainthalf-Kelly 27.2% · tail cap 2.2% · category cap 54.6%. The tail cap binds, so 2.2% is the number (n=92,785). We show which one binds rather than the friendliest.Sizing
LowLottery-ticket behaviourIts best 21-day return sits at 6.4% against a 9.6% cohort 90th-percentile threshold — below the line where forward returns have historically turned negative.Behaviour
LowCash runwayNon-burner: catastrophe rate 6.1% (n=297414).Solvency
LowPost-earnings driftDrift odds at full strength (+2.44% / 63-day spread reference from measured post-earnings drift).Timing
LowDividend riskNot scored for this name.Not scored
LowRestatement historyFiling history is not deep enough to check for restatements.Not scored
LowCrowded shortNot in a warn state: the crowded-short model only publishes when short interest and thin liquidity coincide, and neither condition is met here.Not scored
Signal
4 of 8 surfaces clear.
8 surfaces checked, 4 clear. The binding constraint is position size — the tail cap is the one that binds. Each row states which surface it is and what it measured; a surface that could not be scored says so rather than counting as clear.
Who should skip it
Skip it if any of these is you
You can't sit through -60%
That is this name's deepest measured fall, on 40% annualized volatility. A drawdown of that size is normal here, not exceptional.
You want income
A 0.00% yield is a rounding error against cash. This is a capital-gains position.
You're already heavy in this market
A 1.57 beta means you would be stacking the same bet rather than spreading it.
You'd size it like a core holding
The binding cap is 2.2% of a portfolio. Above that the tail stops being survivable.
Our track record11 resolved
Track recordBUILDING IN THE OPEN
29 logged
29 calls logged on this name, 11 resolved so far. Calls are logged the moment they are made, so the open ones are public before anyone knows how they turn out, and a hit-rate is not published until enough of them resolve.
Calls on BILITHIS NAME
29
This name's own call count. Too few have resolved to publish a rate over them, so none is shown rather than a rate over 11.
0610-K disclosed linksINTERNET CONTENT & INFORMATION
The wider context
5 mapped peers.
↳ Plain EnglishCompanies do not trade alone. This is the peer set, the supply chain that has to deliver, and the macro variables that move the stock regardless of company news.
Rate sensitivity
-55.3% per +1ppSECTOR
This is the SECTOR prior, not a measurement of this name — the regression did not clear its own bar. The verdict beside it (headwind) comes from the prior too, so the two agree by construction rather than by evidence.
Versus peersLatest session
Peer set · 5 names
SymbolRelationshipPriceSession
6098.TPeer$16,335.00+2.09%
GOOGLPeer$343.92+0.46%
GOOGPeer$341.08+0.61%
METAPeer$751.66-3.33%
SPOTPeer$510.01-0.27%
The mapped peer set and how each traded in the latest session. A peer moving with this name says the move is the sector's; one moving against it says the move is this company's.
Time machineHistory from 2023-06-01
Signal
1 of 4 backward windows are positive.
Look-back returns describe what happened, not what is likely. They are here to set the scale a future move would be measured on.
Macro driversRolling window
Next macro catalystIN 2 DAYS
Job Openings (JOLTS)
2026-09-29. A scheduled release that moves this stock independently of anything the company does.
Events · what moves this stockSep 24, 2026
Initial jobless claimsUsually helps when more people file for benefits than expected
Lower rates help growth-priced media and internet companies.
Typical for the Communication Services sector
On the day -0.2% · A week later +0.1% · Two weeks later +0.2% · Rose on 86 of 170 report days
Across the last 170 Initial jobless claims reports since Jun 8, 2023, BILI moved -0.2% on average on the day and was 0.2% higher two weeks later. The S&P 500 moved 0.0% on those days.
Core PCE (the Fed's gauge) is due in 3 days.
Core PCE (the Fed's gauge)Usually hurts when inflation runs hotter than expectedMedia and internet companies are valued on future growth, so higher rates for longer weigh on them.
Typical for the Communication Services sector
On the day 0.0% · A week later +0.9% · Two weeks later +1.6% · Rose on 18 of 39 report days
Across the last 39 Core PCE (the Fed's gauge) reports since Jun 28, 2023, BILI moved 0.0% on average on the day and was 1.6% higher two weeks later. The S&P 500 moved +0.2% on those days.
FOMC decisionUsually hurts when the Fed sounds more hawkish than expected
Growth-priced media and internet companies fall when rates stay high.
Typical for the Communication Services sector
On the day +0.5% · A week later +2.0% · Two weeks later +1.7% · Rose on 20 of 39 report days
Across the last 39 FOMC decision reports since Jul 1, 2023, BILI moved +0.5% on average on the day and was 1.7% higher two weeks later. The S&P 500 moved -0.1% on those days.
Job openings (JOLTS) is due in 2 days.
Job openings (JOLTS)Usually hurts when job openings come in higher than expectedMore jobs means more ad spending, but the higher-rates reaction usually wins on the day.
Typical for the Communication Services sector
On the day +0.6% · A week later +1.6% · Two weeks later 0.0% · Rose on 20 of 39 report days
Across the last 39 Job openings (JOLTS) reports since Jul 5, 2023, BILI moved +0.6% on average on the day and was 0.0% lower two weeks later. The S&P 500 moved 0.0% on those days.
PCE inflation is due in 3 days.
PCE inflationUsually hurts when inflation runs hotter than expectedMedia and internet companies are valued on future growth, so higher rates for longer weigh on them.
Typical for the Communication Services sector
On the day 0.0% · A week later +0.9% · Two weeks later +1.6% · Rose on 18 of 39 report days
Across the last 39 PCE inflation reports since Jun 28, 2023, BILI moved 0.0% on average on the day and was 1.6% higher two weeks later. The S&P 500 moved +0.2% on those days.
Producer prices (PPI)Usually hurts when producer prices run hotter than expected
Media and internet companies are valued on future growth, so higher rates for longer weigh on them.
Typical for the Communication Services sector
On the day +0.4% · A week later -1.1% · Two weeks later -1.1% · Rose on 20 of 39 report days
Across the last 39 Producer prices (PPI) reports since Jun 12, 2023, BILI moved +0.4% on average on the day and was 1.1% lower two weeks later. The S&P 500 moved +0.3% on those days.
Core inflation (core CPI)Usually hurts when inflation runs hotter than expected
Media and internet companies are valued on future growth, so higher rates for longer weigh on them.
Typical for the Communication Services sector
On the day +0.4% · A week later -1.0% · Two weeks later -1.1% · Rose on 19 of 38 report days
Across the last 38 Core inflation (core CPI) reports since Jun 12, 2023, BILI moved +0.4% on average on the day and was 1.1% lower two weeks later. The S&P 500 moved +0.3% on those days.
Inflation (CPI)Usually hurts when inflation runs hotter than expected
Media and internet companies are valued on future growth, so higher rates for longer weigh on them.
Typical for the Communication Services sector
On the day +0.4% · A week later -1.0% · Two weeks later -1.1% · Rose on 19 of 38 report days
Across the last 38 Inflation (CPI) reports since Jun 12, 2023, BILI moved +0.4% on average on the day and was 1.1% lower two weeks later. The S&P 500 moved +0.3% on those days.
Customer momentum
Data unavailableCustomer momentum needs listed customers that disclose a revenue dependence on this company, and none is on file. The connections below are a different map: competitors and partners, most of them curated rather than filed.
Connections
Data unavailableNo competitor, partner, supplier or customer relationship is on file for this name yet.
Glossary · every term on this page
Survival
Altman Z
Bankruptcy-risk score. Above 3.0 is the safe band.
Piotroski F
Nine pass/fail health tests; 7 or more is strong.
Beneish M
Accrual and growth pattern screen. Clear below −2.22, watch to −1.78, elevated above; a year of very fast revenue growth lifts it by construction.
Merton DTD
Standard deviations of asset value between the company and its debt.
EDF
Default frequency calibrated on what actually happened to similar names.
Price & tape
RSI-14
Momentum gauge 0–100. Above 70 is overbought, below 30 oversold.
ATR
Average true range — the size of a typical day.
VWAP
20-day volume-weighted average price — the average paid over the last month; the page shows no intraday VWAP.
Supertrend
A trend-following stop line. A close through it flips the read.
Chandelier
A trailing stop set a few average ranges below the recent high.
Options & flow
Gamma / GEX
Dealer hedging pressure. Negative gamma amplifies moves both ways.
Call / put wall
The strikes with the heaviest open interest; they act as ceiling and floor.
Max pain
The strike where most options expire worthless.
13F · Form 4
Institutional filings, 45 days after quarter end. Insider trades, within two days.
Scoring
Composite signal
Independent factors scored and netted into one number.
Hit-rate
Share of past calls that resolved in the direction stated.
Brier score
Calibration measure. Lower means stated probabilities track reality.
HHI
Concentration 0–10,000. Above 2,500 means one segment carries the company.
EVT
Fits the tail rather than assuming a bell curve, so bad days are not understated.