Baxter International (Brazil) Market Value
| B1AX34 Stock | 97.30 4.28 4.60% |
| Symbol | Baxter |
Baxter International '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 Baxter International's 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 Baxter International.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Baxter International on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Baxter International or generate 0.0% return on investment in Baxter International over 720 days. Baxter International is related to or competes with Align Technology, Bread Financial, Mitsubishi UFJ, Palantir Technologies, Dell Technologies, Spotify Technology, and Technos SA. More
Baxter International 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 Baxter International's 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 Baxter International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.25 |
Baxter International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baxter International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baxter International's standard deviation. In reality, there are many statistical measures that can use Baxter International historical prices to predict the future Baxter International's volatility.| Risk Adjusted Performance | 0.0042 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.04) |
Baxter International Backtested Returns
Baxter International secures Sharpe Ratio (or Efficiency) of -0.0146, which signifies that the company had a -0.0146% return per unit of risk over the last 3 months. Baxter International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baxter International's Standard Deviation of 1.88, mean deviation of 0.8439, and Risk Adjusted Performance of 0.0042 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Baxter International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baxter International is expected to be smaller as well. At this point, Baxter International has a negative expected return of -0.0283%. Please make sure to confirm Baxter International's maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if Baxter International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Baxter International has poor reverse predictability. Overlapping area represents the amount of predictability between Baxter International time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Baxter International price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Baxter International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 50.53 |
Baxter International lagged returns against current returns
Autocorrelation, which is Baxter International 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 Baxter International's stock expected returns. We can calculate the autocorrelation of Baxter International returns to help us make a trade decision. For example, suppose you find that Baxter International 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 |
Baxter International 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 Baxter International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baxter International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baxter International stock over time.
Current vs Lagged Prices |
| Timeline |
Baxter International Lagged Returns
When evaluating Baxter International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baxter International stock have on its future price. Baxter International 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, Baxter International autocorrelation shows the relationship between Baxter International stock current value and its past values and can show if there is a momentum factor associated with investing in Baxter International.
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 Information and Resources on Investing in Baxter Stock
When determining whether Baxter International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Baxter International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Baxter International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Baxter International Stock:Check out Baxter International Correlation, Baxter International Volatility and Baxter International Alpha and Beta module to complement your research on Baxter International. For information on how to trade Baxter Stock refer to our How to Trade Baxter Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Baxter International 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.