Baytex Energy Corp Stock Market Value
| BTE Stock | USD 3.02 0.02 0.67% |
| Symbol | Baytex |
Baytex Energy Corp Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Baytex Energy. If investors know Baytex 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 Baytex Energy 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 0.544 | Dividend Share 0.09 | Earnings Share (0.41) | Revenue Per Share 4.112 | Quarterly Revenue Growth (0.08) |
The market value of Baytex Energy Corp is measured differently than its book value, which is the value of Baytex that is recorded on the company's balance sheet. Investors also form their own opinion of Baytex Energy's value that differs from its market value or its book value, called intrinsic value, which is Baytex Energy'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 Baytex Energy's market value can be influenced by many factors that don't directly affect Baytex Energy'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 Baytex Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baytex Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baytex Energy'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.
Baytex Energy '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 Baytex Energy'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 Baytex Energy.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Baytex Energy on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Baytex Energy Corp or generate 0.0% return on investment in Baytex Energy over 360 days. Baytex Energy is related to or competes with Vermilion Energy, Obsidian Energy, Canadian Natural, Ovintiv, Magnolia Oil, Vital Energy, and ConocoPhillips. Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadia... More
Baytex Energy 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 Baytex Energy'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 Baytex Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.26 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 3.48 |
Baytex Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baytex Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baytex Energy's standard deviation. In reality, there are many statistical measures that can use Baytex Energy historical prices to predict the future Baytex Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baytex Energy's 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.
Baytex Energy Corp Backtested Returns
Baytex Energy Corp secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. Baytex Energy Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baytex Energy's Standard Deviation of 2.6, mean deviation of 2.07, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Baytex Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baytex Energy is expected to be smaller as well. At this point, Baytex Energy Corp has a negative expected return of -0.27%. Please make sure to confirm Baytex Energy's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Baytex Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Baytex Energy Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Baytex Energy time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Baytex Energy Corp price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Baytex Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Baytex Energy Corp lagged returns against current returns
Autocorrelation, which is Baytex Energy 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 Baytex Energy's stock expected returns. We can calculate the autocorrelation of Baytex Energy returns to help us make a trade decision. For example, suppose you find that Baytex Energy 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 |
Baytex Energy 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 Baytex Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baytex Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baytex Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Baytex Energy Lagged Returns
When evaluating Baytex Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baytex Energy stock have on its future price. Baytex Energy 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, Baytex Energy autocorrelation shows the relationship between Baytex Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Baytex Energy Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's future performance. For an informed investment choice regarding Baytex Stock, refer to the following important reports:Check out Baytex Energy Correlation, Baytex Energy Volatility and Baytex Energy Alpha and Beta module to complement your research on Baytex Energy. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Baytex Energy 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.