Baker Hughes (UK) Market Value
| 0RR8 Stock | 43.99 0.10 0.23% |
| Symbol | Baker |
Baker Hughes 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Baker Hughes' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Baker Hughes.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Baker Hughes on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Baker Hughes Co or generate 0.0% return on investment in Baker Hughes over 30 days. Baker Hughes is related to or competes with Hansa Investment, Lindsell Train, Livermore Investments, Mercantile Investment, Broadcom, Kinnevik Investment, and Broadridge Financial. Baker Hughes is entity of United Kingdom More
Baker Hughes Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Baker Hughes' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Baker Hughes Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.1164 | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.23 |
Baker Hughes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baker Hughes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baker Hughes' standard deviation. In reality, there are many statistical measures that can use Baker Hughes historical prices to predict the future Baker Hughes' volatility.| Risk Adjusted Performance | 0.1455 | |||
| Jensen Alpha | 0.3526 | |||
| Total Risk Alpha | 0.0216 | |||
| Sortino Ratio | 0.1673 | |||
| Treynor Ratio | 2.45 |
Baker Hughes Backtested Returns
Baker Hughes appears to be very steady, given 3 months investment horizon. Baker Hughes secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Baker Hughes Co, which you can use to evaluate the volatility of the firm. Please makes use of Baker Hughes' Mean Deviation of 1.41, risk adjusted performance of 0.1455, and Downside Deviation of 1.46 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Baker Hughes holds a performance score of 14. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Baker Hughes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Baker Hughes is expected to be smaller as well. Please check Baker Hughes' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Baker Hughes' price patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Baker Hughes Co has average predictability. Overlapping area represents the amount of predictability between Baker Hughes time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baker Hughes price movement. The serial correlation of 0.48 indicates that about 48.0% of current Baker Hughes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Baker Hughes lagged returns against current returns
Autocorrelation, which is Baker Hughes stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Baker Hughes' stock expected returns. We can calculate the autocorrelation of Baker Hughes returns to help us make a trade decision. For example, suppose you find that Baker Hughes has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Baker Hughes regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Baker Hughes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baker Hughes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baker Hughes stock over time.
Current vs Lagged Prices |
| Timeline |
Baker Hughes Lagged Returns
When evaluating Baker Hughes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baker Hughes stock have on its future price. Baker Hughes autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Baker Hughes autocorrelation shows the relationship between Baker Hughes stock current value and its past values and can show if there is a momentum factor associated with investing in Baker Hughes Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Baker Stock Analysis
When running Baker Hughes' price analysis, check to measure Baker Hughes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.