Better Choice Stock Market Value
| BTTR Stock | USD 1.80 0.10 5.88% |
| Symbol | Better |
Better Choice 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 Better Choice. If investors know Better 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 Better Choice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (19.61) | Revenue Per Share 45.359 | Quarterly Revenue Growth (0.19) | Return On Assets (0.28) | Return On Equity (1.64) |
The market value of Better Choice is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Choice's value that differs from its market value or its book value, called intrinsic value, which is Better Choice'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 Better Choice's market value can be influenced by many factors that don't directly affect Better Choice'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 Better Choice's value and its price as these two are different measures arrived at by different means. Investors typically determine if Better Choice is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Choice'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.
Better Choice '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 Better Choice'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 Better Choice.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Better Choice on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Better Choice or generate 0.0% return on investment in Better Choice over 270 days. Better Choice is related to or competes with Blue Star, Stryve Foods, Premium Brands, Paranovus Entertainment, Laird Superfood, Sharing Services, and Premier Foods. Better Choice Company Inc. operates as an animal health and wellness company More
Better Choice 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 Better Choice'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 Better Choice upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 33.95 | |||
| Value At Risk | (12.38) | |||
| Potential Upside | 9.94 |
Better Choice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Better Choice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Better Choice's standard deviation. In reality, there are many statistical measures that can use Better Choice historical prices to predict the future Better Choice's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.87) | |||
| Total Risk Alpha | (1.77) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Better Choice'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.
Better Choice Backtested Returns
Better Choice secures Sharpe Ratio (or Efficiency) of -0.0729, which signifies that the company had a -0.0729% return per unit of risk over the last 3 months. Better Choice exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Better Choice's Risk Adjusted Performance of (0.05), mean deviation of 5.74, and Standard Deviation of 7.5 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.32, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Better Choice will likely underperform. At this point, Better Choice has a negative expected return of -0.55%. Please make sure to confirm Better Choice's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Better Choice performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Better Choice has very good predictability. Overlapping area represents the amount of predictability between Better Choice time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Better Choice price movement. The serial correlation of 0.85 indicates that around 85.0% of current Better Choice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Better Choice lagged returns against current returns
Autocorrelation, which is Better Choice 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 Better Choice's stock expected returns. We can calculate the autocorrelation of Better Choice returns to help us make a trade decision. For example, suppose you find that Better Choice 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 |
Better Choice 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 Better Choice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Better Choice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Better Choice stock over time.
Current vs Lagged Prices |
| Timeline |
Better Choice Lagged Returns
When evaluating Better Choice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Better Choice stock have on its future price. Better Choice 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, Better Choice autocorrelation shows the relationship between Better Choice stock current value and its past values and can show if there is a momentum factor associated with investing in Better Choice.
Regressed Prices |
| Timeline |
Pair Trading with Better Choice
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 Better Choice 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 Better Choice will appreciate offsetting losses from the drop in the long position's value.Moving together with Better Stock
Moving against Better Stock
| 0.68 | K | Kellanova | PairCorr |
| 0.61 | BJ | BJs Wholesale Club | PairCorr |
| 0.54 | TPB | Turning Point Brands | PairCorr |
| 0.53 | SENEA | Seneca Foods Corp | PairCorr |
| 0.51 | SMPL | Simply Good Foods Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Better Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Choice 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 Better Choice - 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 Better Choice to buy it.
The correlation of Better Choice 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 Better Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Choice 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 Better Choice 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 Better Stock Analysis
When running Better Choice's price analysis, check to measure Better Choice'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 Better Choice is operating at the current time. Most of Better Choice's value examination focuses on studying past and present price action to predict the probability of Better Choice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Choice's price. Additionally, you may evaluate how the addition of Better Choice to your portfolios can decrease your overall portfolio volatility.