BAXTER INTL INC Market Value
| 071813BQ1 | 91.81 4.93 5.10% |
| Symbol | BAXTER |
BAXTER '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 BAXTER'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 BAXTER.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in BAXTER on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding BAXTER INTL INC or generate 0.0% return on investment in BAXTER over 210 days. BAXTER is related to or competes with Deluxe, Marchex, Playa Hotels, Biglari Holdings, Fluent, Sweetgreen, and Boyd Gaming. More
BAXTER 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 BAXTER'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 BAXTER INTL INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 6.16 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 0.7412 |
BAXTER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BAXTER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BAXTER's standard deviation. In reality, there are many statistical measures that can use BAXTER historical prices to predict the future BAXTER's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (3.03) |
BAXTER INTL INC Backtested Returns
BAXTER INTL INC secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the bond had a -0.11% return per unit of volatility over the last 3 months. BAXTER INTL INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BAXTER's Market Risk Adjusted Performance of (3.02), mean deviation of 0.4203, and Variance of 0.7892 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of 0.0292, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BAXTER's returns are expected to increase less than the market. However, during the bear market, the loss of holding BAXTER is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
BAXTER INTL INC has poor reverse predictability. Overlapping area represents the amount of predictability between BAXTER time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 BAXTER INTL INC price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current BAXTER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
BAXTER INTL INC lagged returns against current returns
Autocorrelation, which is BAXTER 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 BAXTER's bond expected returns. We can calculate the autocorrelation of BAXTER returns to help us make a trade decision. For example, suppose you find that BAXTER 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 |
BAXTER 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 BAXTER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BAXTER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BAXTER bond over time.
Current vs Lagged Prices |
| Timeline |
BAXTER Lagged Returns
When evaluating BAXTER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BAXTER bond have on its future price. BAXTER 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, BAXTER autocorrelation shows the relationship between BAXTER bond current value and its past values and can show if there is a momentum factor associated with investing in BAXTER INTL INC.
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.Other Information on Investing in BAXTER Bond
BAXTER financial ratios help investors to determine whether BAXTER 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 BAXTER with respect to the benefits of owning BAXTER security.