Bon Natural Life Stock Market Value
| BON Stock | USD 1.58 0.11 7.48% |
| Symbol | Bon |
Bon Natural Life Price To Book Ratio
Is Packaged Foods & Meats 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 Bon Natural. If investors know Bon 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 Bon Natural 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 (0.41) | Earnings Share 4.75 | Revenue Per Share 23.005 | Quarterly Revenue Growth (0.28) | Return On Assets 0.0388 |
The market value of Bon Natural Life is measured differently than its book value, which is the value of Bon that is recorded on the company's balance sheet. Investors also form their own opinion of Bon Natural's value that differs from its market value or its book value, called intrinsic value, which is Bon Natural'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 Bon Natural's market value can be influenced by many factors that don't directly affect Bon Natural'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 Bon Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bon Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bon Natural'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.
Bon Natural '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 Bon Natural'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 Bon Natural.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Bon Natural on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Bon Natural Life or generate 0.0% return on investment in Bon Natural over 30 days. Bon Natural is related to or competes with Blue Star, Real Good, Central Garden, Natures Sunshine, Central Garden, Bit Origin, and Better Choice. Bon Natural Life Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale... More
Bon Natural 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 Bon Natural'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 Bon Natural Life upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 19.07 | |||
| Value At Risk | (6.76) | |||
| Potential Upside | 9.09 |
Bon Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bon Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bon Natural's standard deviation. In reality, there are many statistical measures that can use Bon Natural historical prices to predict the future Bon Natural's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.96) |
Bon Natural Life Backtested Returns
Bon Natural Life secures Sharpe Ratio (or Efficiency) of -0.0216, which signifies that the company had a -0.0216% return per unit of risk over the last 3 months. Bon Natural Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bon Natural's Mean Deviation of 3.82, risk adjusted performance of (0.06), and Standard Deviation of 5.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bon Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bon Natural is expected to be smaller as well. At this point, Bon Natural Life has a negative expected return of -0.11%. Please make sure to confirm Bon Natural's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Bon Natural Life performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Bon Natural Life has poor reverse predictability. Overlapping area represents the amount of predictability between Bon Natural 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 Bon Natural Life price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Bon Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bon Natural Life lagged returns against current returns
Autocorrelation, which is Bon Natural 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 Bon Natural's stock expected returns. We can calculate the autocorrelation of Bon Natural returns to help us make a trade decision. For example, suppose you find that Bon Natural 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 |
Bon Natural 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 Bon Natural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bon Natural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bon Natural stock over time.
Current vs Lagged Prices |
| Timeline |
Bon Natural Lagged Returns
When evaluating Bon Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bon Natural stock have on its future price. Bon Natural 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, Bon Natural autocorrelation shows the relationship between Bon Natural stock current value and its past values and can show if there is a momentum factor associated with investing in Bon Natural Life.
Regressed Prices |
| Timeline |
Pair Trading with Bon Natural
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 Bon Natural 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 Bon Natural will appreciate offsetting losses from the drop in the long position's value.Moving together with Bon Stock
Moving against Bon Stock
| 0.81 | LW | Lamb Weston Holdings | PairCorr |
| 0.65 | PM | Philip Morris Intern | PairCorr |
| 0.57 | K | Kellanova | PairCorr |
| 0.37 | MO | Altria Group | PairCorr |
The ability to find closely correlated positions to Bon Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bon Natural 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 Bon Natural - 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 Bon Natural Life to buy it.
The correlation of Bon Natural 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 Bon Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bon Natural Life 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 Bon Natural 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.Check out Bon Natural Correlation, Bon Natural Volatility and Bon Natural Alpha and Beta module to complement your research on Bon Natural. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Bon Natural 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.