Bhp Group Limited Stock Market Value
| BHP Stock | USD 51.55 0.28 0.54% |
| Symbol | BHP |
BHP Group Limited Price To Book Ratio
Is Diversified Metals & Mining 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 BHP Group. If investors know BHP 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 BHP Group 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 0.077 | Dividend Share 1.46 | Earnings Share 3.11 | Revenue Per Share | Quarterly Revenue Growth 0.013 |
The market value of BHP Group Limited is measured differently than its book value, which is the value of BHP that is recorded on the company's balance sheet. Investors also form their own opinion of BHP Group's value that differs from its market value or its book value, called intrinsic value, which is BHP Group'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 BHP Group's market value can be influenced by many factors that don't directly affect BHP Group'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 BHP Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if BHP Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHP Group'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.
BHP Group '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 BHP Group'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 BHP Group.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in BHP Group on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding BHP Group Limited or generate 0.0% return on investment in BHP Group over 30 days. BHP Group is related to or competes with Vale SA, Teck Resources, Lithium Americas, MP Materials, Rio Tinto, Glencore PLC, and Piedmont Lithium. BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of As... More
BHP Group 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 BHP Group'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 BHP Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.97 |
BHP Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BHP Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHP Group's standard deviation. In reality, there are many statistical measures that can use BHP Group historical prices to predict the future BHP Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.26) |
BHP Group Limited Backtested Returns
BHP Group Limited secures Sharpe Ratio (or Efficiency) of -0.017, which signifies that the company had a -0.017 % return per unit of risk over the last 3 months. BHP Group Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BHP Group's risk adjusted performance of (0.05), and Mean Deviation of 0.9915 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BHP Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding BHP Group is expected to be smaller as well. At this point, BHP Group Limited has a negative expected return of -0.0216%. Please make sure to confirm BHP Group's accumulation distribution, and the relationship between the value at risk and day typical price , to decide if BHP Group Limited performance from the past will be repeated in the future.
Auto-correlation | -0.37 |
Poor reverse predictability
BHP Group Limited has poor reverse predictability. Overlapping area represents the amount of predictability between BHP Group time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BHP Group Limited price movement. The serial correlation of -0.37 indicates that just about 37.0% of current BHP Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
BHP Group Limited lagged returns against current returns
Autocorrelation, which is BHP Group 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 BHP Group's stock expected returns. We can calculate the autocorrelation of BHP Group returns to help us make a trade decision. For example, suppose you find that BHP Group 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 |
BHP Group 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 BHP Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHP Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHP Group stock over time.
Current vs Lagged Prices |
| Timeline |
BHP Group Lagged Returns
When evaluating BHP Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHP Group stock have on its future price. BHP Group 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, BHP Group autocorrelation shows the relationship between BHP Group stock current value and its past values and can show if there is a momentum factor associated with investing in BHP Group Limited.
Regressed Prices |
| Timeline |
Pair Trading with BHP Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BHP Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BHP Group will appreciate offsetting losses from the drop in the long position's value.Moving together with BHP Stock
| 0.87 | VALE | Vale SA ADR Earnings Call This Week | PairCorr |
Moving against BHP Stock
| 0.69 | NMG | Nouveau Monde Graphite | PairCorr |
| 0.61 | NAK | Northern Dynasty Minerals | PairCorr |
| 0.32 | IPX | IperionX Limited American | PairCorr |
The ability to find closely correlated positions to BHP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHP Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BHP Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BHP Group Limited to buy it.
The correlation of BHP Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BHP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHP Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BHP Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for BHP Stock Analysis
When running BHP Group's price analysis, check to measure BHP Group'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 BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.