Market condition index · Current read
Rising BPHI indicates strengthening biotech/pharma innovation cycle — capex expansion, FDA pipeline velocity, favorable rate backdrop, and risk appetite for drug discovery. Falling BPHI indicates pharma capex contraction, pipeline stalls, or adverse rate/risk conditions.
44.8 points above the 50-normal line. This locates the selected condition; it is not a forecast. From one official close publication; stale selected read.
Official closes earn richer presentation. The selected current read is never spliced into certified history.
| Official close | Condition | Calculated |
|---|---|---|
| 2026-08-14 | 90.4 | Aug 14, 2026, 11:06 PM UTC |
| 2026-08-17 | 70.7 | Aug 17, 2026, 11:15 PM UTC |
| 2026-08-20 | 86.3 | Aug 20, 2026, 11:14 PM UTC |
| 2026-08-24 | 94.8 | Aug 24, 2026, 11:46 PM UTC |
4 certified closes are shown as a dated ledger, not a connected trend.
Only exact governed relationships are navigable. Shared tickers and price moves never create a link.
No Basket, Narrative, or Asset context is inferred from inputs, tickers, price moves, or static “related” lists.
Declared weights explain construction. They do not claim today's contribution or causal impact.
Informational only — not investment advice. MarketSchema is not a registered investment adviser. Condition Percentile reads and indexes are quantitative measurements derived from public market data, not recommendations to buy or sell any security.
| Input | Source | Formula role | Weight | Cadence |
|---|
| XBI | polygon | Price · positive | 15% | Intraday |
| XLV | polygon | Price · positive | 10% | Intraday |
| IBB | polygon | Price · positive | 10% | Intraday |
| LLY | polygon | Price · positive | 8% | Intraday |
| NVO | polygon | Price · positive | 7.0% | Intraday |
| VRTX | polygon | Price · positive | 5% | Intraday |
| REGN | polygon | Price · positive | 5% | Intraday |
| AMGN | polygon | Price · positive | 5% | Intraday |
| DGS10 | fred | Rate · inverse | 10% | Daily |
| BAMLH0A0HYM2 | fred | Credit · inverse | 10% | Daily |
| MRNA | polygon | Price · positive | 5% | Intraday |
| ARKG | polygon | Price · positive | 10% | Intraday |