Baker Hughes (Germany) Market Value
| 68V Stock | EUR 41.22 0.09 0.22% |
| 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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Baker Hughes on October 28, 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 APPLIED MATERIALS, Plastic Omnium, Eagle Materials, NEWELL RUBBERMAID, ScanSource, REVO INSURANCE, and Compagnie Plastic. Baker Hughes Company provides a portfolio of technologies and services worldwide 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 | 1.74 | |||
| Information Ratio | 0.1501 | |||
| Maximum Drawdown | 10.79 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 3.64 |
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 | 0.1667 | |||
| Jensen Alpha | 0.3194 | |||
| Total Risk Alpha | 0.1075 | |||
| Sortino Ratio | 0.1861 | |||
| Treynor Ratio | 0.4258 |
Baker Hughes Backtested Returns
Baker Hughes appears to be very steady, given 3 months investment horizon. Baker Hughes secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. By analyzing Baker Hughes' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Baker Hughes' Mean Deviation of 1.63, downside deviation of 1.74, and Risk Adjusted Performance of 0.1667 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 17. The firm shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. Baker Hughes returns are very sensitive to returns on the market. As the market goes up or down, Baker Hughes is expected to follow. Please check Baker Hughes' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Baker Hughes' price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Baker Hughes Co has good predictability. Overlapping area represents the amount of predictability between Baker Hughes time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 0.61 indicates that roughly 61.0% of current Baker Hughes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Baker Stock
When determining whether Baker Hughes is a strong investment it is important to analyze Baker Hughes' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baker Hughes' future performance. For an informed investment choice regarding Baker Stock, refer to the following important reports:Check out Baker Hughes Correlation, Baker Hughes Volatility and Baker Hughes Alpha and Beta module to complement your research on Baker Hughes. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Baker Hughes technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.