Berry Global (Germany) Market Value
| BP0 Stock | EUR 66.50 2.00 2.92% |
| Symbol | Berry |
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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Berry Global on October 28, 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 KAUFMAN ET, MGIC INVESTMENT, REINET INVESTMENTS, Air Transport, TITANIUM TRANSPORTGROUP, Texas Roadhouse, and COPLAND ROAD. Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products 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 | 2.43 | |||
| Information Ratio | 0.0338 | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.03 |
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 | 0.0864 | |||
| Jensen Alpha | 0.1389 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0253 | |||
| Treynor Ratio | 0.509 |
Berry Global Group Backtested Returns
At this point, Berry Global is very steady. Berry Global Group secures Sharpe Ratio (or Efficiency) of 0.0927, which signifies that the company had a 0.0927% 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 confirm Berry Global's Mean Deviation of 1.26, risk adjusted performance of 0.0864, and Downside Deviation of 2.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Berry Global has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Berry Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Berry Global is expected to be smaller as well. Berry Global Group right now shows a risk of 1.83%. Please confirm Berry Global Group jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Berry Global Group will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Berry Global Group has modest reverse predictability. Overlapping area represents the amount of predictability between Berry Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 -0.49 indicates that about 49.0% of current Berry Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 3.48 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Berry Stock
When determining whether Berry Global Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Berry Global'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 Berry Global Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Berry Global Group Stock:Check out Berry Global Correlation, Berry Global Volatility and Berry Global Alpha and Beta module to complement your research on Berry Global. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Berry Global 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.