Barrett Business Services Stock Market Value
| BBSI Stock | USD 42.23 0.12 0.28% |
| Symbol | Barrett |
Is Business Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrett Business. If investors know Barrett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrett Business listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Barrett Business Services is measured differently than its book value, which is the value of Barrett that is recorded on the company's balance sheet. Investors also form their own opinion of Barrett Business' value that differs from its market value or its book value, called intrinsic value, which is Barrett Business' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrett Business' market value can be influenced by many factors that don't directly affect Barrett Business' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrett Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrett Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrett Business' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Barrett Business '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 Barrett Business' 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 Barrett Business.
| 08/24/2024 |
| 11/22/2024 |
If you would invest 0.00 in Barrett Business on August 24, 2024 and sell it all today you would earn a total of 0.00 from holding Barrett Business Services or generate 0.0% return on investment in Barrett Business over 90 days. Barrett Business is related to or competes with Korn Ferry, Kelly Services, Kforce, Hudson Global, Heidrick Struggles, ManpowerGroup, and Kelly Services. Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United S... More
Barrett Business 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 Barrett Business' 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 Barrett Business Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | 0.1023 | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.23 |
Barrett Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barrett Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barrett Business' standard deviation. In reality, there are many statistical measures that can use Barrett Business historical prices to predict the future Barrett Business' volatility.| Risk Adjusted Performance | 0.1364 | |||
| Jensen Alpha | 0.2183 | |||
| Total Risk Alpha | 0.0554 | |||
| Sortino Ratio | 0.1489 | |||
| Treynor Ratio | 0.6219 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barrett Business' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Barrett Business Services Backtested Returns
Barrett Business appears to be very steady, given 3 months investment horizon. Barrett Business Services secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Barrett Business Services, which you can use to evaluate the volatility of the firm. Please makes use of Barrett Business' Mean Deviation of 1.1, risk adjusted performance of 0.1364, and Downside Deviation of 1.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Barrett Business holds a performance score of 13. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Barrett Business' returns are expected to increase less than the market. However, during the bear market, the loss of holding Barrett Business is expected to be smaller as well. Please check Barrett Business' treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Barrett Business' price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Barrett Business Services has below average predictability. Overlapping area represents the amount of predictability between Barrett Business time series from 24th of August 2024 to 8th of October 2024 and 8th of October 2024 to 22nd 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 Barrett Business Services price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Barrett Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 5.51 |
Barrett Business Services lagged returns against current returns
Autocorrelation, which is Barrett Business 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 Barrett Business' stock expected returns. We can calculate the autocorrelation of Barrett Business returns to help us make a trade decision. For example, suppose you find that Barrett Business 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 |
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Barrett Business 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 Barrett Business stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barrett Business stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barrett Business stock over time.
Current vs Lagged Prices |
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Barrett Business Lagged Returns
When evaluating Barrett Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barrett Business stock have on its future price. Barrett Business 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, Barrett Business autocorrelation shows the relationship between Barrett Business stock current value and its past values and can show if there is a momentum factor associated with investing in Barrett Business Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Barrett Business Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Barrett Business' 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 Barrett Business Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Barrett Business Services Stock:Check out Barrett Business Correlation, Barrett Business Volatility and Barrett Business Alpha and Beta module to complement your research on Barrett Business. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Barrett Business 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.