BAKER HUGHES A Market Value
| 05723KAE0 | 96.29 0.35 0.36% |
| Symbol | BAKER |
BAKER '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 BAKER's bond 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 BAKER.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in BAKER on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding BAKER HUGHES A or generate 0.0% return on investment in BAKER over 180 days. BAKER is related to or competes with Sonida Senior, Cardinal Health, Zoom Video, Beyond Meat, Tyson Foods, NH Foods, and Merit Medical. More
BAKER 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 BAKER's bond 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 BAKER HUGHES A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.3313 |
BAKER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BAKER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BAKER's standard deviation. In reality, there are many statistical measures that can use BAKER historical prices to predict the future BAKER's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 2.69 |
BAKER HUGHES A Backtested Returns
BAKER HUGHES A secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of return volatility over the last 3 months. BAKER HUGHES A exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BAKER's Variance of 0.5724, mean deviation of 0.3191, and Standard Deviation of 0.7566 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.0196, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BAKER are expected to decrease at a much lower rate. During the bear market, BAKER is likely to outperform the market.
Auto-correlation | -0.82 |
Excellent reverse predictability
BAKER HUGHES A has excellent reverse predictability. Overlapping area represents the amount of predictability between BAKER time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 BAKER HUGHES A price movement. The serial correlation of -0.82 indicates that around 82.0% of current BAKER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
BAKER HUGHES A lagged returns against current returns
Autocorrelation, which is BAKER bond'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 BAKER's bond expected returns. We can calculate the autocorrelation of BAKER returns to help us make a trade decision. For example, suppose you find that BAKER has exhibited high autocorrelation historically, and you observe that the bond 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 |
BAKER 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 BAKER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BAKER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BAKER bond over time.
Current vs Lagged Prices |
| Timeline |
BAKER Lagged Returns
When evaluating BAKER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BAKER bond have on its future price. BAKER 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, BAKER autocorrelation shows the relationship between BAKER bond current value and its past values and can show if there is a momentum factor associated with investing in BAKER HUGHES A.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in BAKER Bond
BAKER financial ratios help investors to determine whether BAKER Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BAKER with respect to the benefits of owning BAKER security.