Berry Global Group Stock Market Value
| BERY Stock | USD 70.93 1.93 2.80% |
| Symbol | Berry |
Berry Global Group Price To Book Ratio
Is Metal, Glass & Plastic Containers 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 Berry Global. If investors know Berry 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 Berry Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.398 | Earnings Share 4.38 | Revenue Per Share 105.201 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0434 |
The market value of Berry Global Group is measured differently than its book value, which is the value of Berry that is recorded on the company's balance sheet. Investors also form their own opinion of Berry Global's value that differs from its market value or its book value, called intrinsic value, which is Berry Global's 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 Berry Global's market value can be influenced by many factors that don't directly affect Berry Global's 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 Berry Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Berry Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berry Global's 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.
Berry Global '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 Berry Global'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 Berry Global.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Berry Global on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Berry Global Group or generate 0.0% return on investment in Berry Global over 30 days. Berry Global is related to or competes with Greif Bros, Sonoco Products, Reynolds Consumer, Myers Industries, Sealed Air, Crown Holdings, and O I. Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial en... More
Berry Global 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 Berry Global'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 Berry Global Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9485 | |||
| Information Ratio | 0.1235 | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 2.8 |
Berry Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Berry Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Berry Global's standard deviation. In reality, there are many statistical measures that can use Berry Global historical prices to predict the future Berry Global's volatility.| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.1746 | |||
| Total Risk Alpha | 0.0905 | |||
| Sortino Ratio | 0.1689 | |||
| Treynor Ratio | 0.3035 |
Berry Global Group Backtested Returns
Berry Global appears to be very steady, given 3 months investment horizon. Berry Global Group secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Berry Global Group, which you can use to evaluate the volatility of the firm. Please makes use of Berry Global's Risk Adjusted Performance of 0.1627, downside deviation of 0.9485, and Mean Deviation of 1.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Berry Global holds a performance score of 14. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. Berry Global returns are very sensitive to returns on the market. As the market goes up or down, Berry Global is expected to follow. Please check Berry Global's value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Berry Global's price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Berry Global Group has modest predictability. Overlapping area represents the amount of predictability between Berry Global time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Berry Global Group price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Berry Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.39 |
Berry Global Group lagged returns against current returns
Autocorrelation, which is Berry Global 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 Berry Global's stock expected returns. We can calculate the autocorrelation of Berry Global returns to help us make a trade decision. For example, suppose you find that Berry Global 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 |
Berry Global 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 Berry Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Berry Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Berry Global stock over time.
Current vs Lagged Prices |
| Timeline |
Berry Global Lagged Returns
When evaluating Berry Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Berry Global stock have on its future price. Berry Global 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, Berry Global autocorrelation shows the relationship between Berry Global stock current value and its past values and can show if there is a momentum factor associated with investing in Berry Global Group.
Regressed Prices |
| Timeline |
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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 Berry Stock Analysis
When running Berry Global's price analysis, check to measure Berry Global's 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 Berry Global is operating at the current time. Most of Berry Global's value examination focuses on studying past and present price action to predict the probability of Berry Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Global's price. Additionally, you may evaluate how the addition of Berry Global to your portfolios can decrease your overall portfolio volatility.