Beauty Health Co Stock Market Value
| SKIN Stock | USD 1.47 0.04 2.80% |
| Symbol | Beauty |
Beauty Health Price To Book Ratio
Is Personal Care Products 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 Beauty Health. If investors know Beauty 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 Beauty Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.39) | Revenue Per Share 2.783 | Quarterly Revenue Growth (0.19) | Return On Assets (0.06) | Return On Equity (0.38) |
The market value of Beauty Health is measured differently than its book value, which is the value of Beauty that is recorded on the company's balance sheet. Investors also form their own opinion of Beauty Health's value that differs from its market value or its book value, called intrinsic value, which is Beauty Health'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 Beauty Health's market value can be influenced by many factors that don't directly affect Beauty Health'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 Beauty Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beauty Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beauty Health'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.
Beauty Health '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 Beauty Health'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 Beauty Health.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Beauty Health on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Beauty Health Co or generate 0.0% return on investment in Beauty Health over 720 days. Beauty Health is related to or competes with Clear Secure, GXO Logistics, Doximity, Figs, and Open Lending. The Beauty Health Company designs, develops, manufactures, markets, and sells aesthetic technologies and products worldw... More
Beauty Health 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 Beauty Health'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 Beauty Health Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 31.19 | |||
| Value At Risk | (8.47) | |||
| Potential Upside | 10.07 |
Beauty Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beauty Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beauty Health's standard deviation. In reality, there are many statistical measures that can use Beauty Health historical prices to predict the future Beauty Health's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.08) |
Beauty Health Backtested Returns
Beauty Health secures Sharpe Ratio (or Efficiency) of -0.0232, which signifies that the company had a -0.0232% return per unit of standard deviation over the last 3 months. Beauty Health Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beauty Health's risk adjusted performance of (0.01), and Mean Deviation of 4.21 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.77, 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, Beauty Health will likely underperform. At this point, Beauty Health has a negative expected return of -0.14%. Please make sure to confirm Beauty Health's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Beauty Health performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Beauty Health Co has very good predictability. Overlapping area represents the amount of predictability between Beauty Health time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Beauty Health price movement. The serial correlation of 0.85 indicates that around 85.0% of current Beauty Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Beauty Health lagged returns against current returns
Autocorrelation, which is Beauty Health 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 Beauty Health's stock expected returns. We can calculate the autocorrelation of Beauty Health returns to help us make a trade decision. For example, suppose you find that Beauty Health 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 |
Beauty Health 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 Beauty Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beauty Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beauty Health stock over time.
Current vs Lagged Prices |
| Timeline |
Beauty Health Lagged Returns
When evaluating Beauty Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beauty Health stock have on its future price. Beauty Health 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, Beauty Health autocorrelation shows the relationship between Beauty Health stock current value and its past values and can show if there is a momentum factor associated with investing in Beauty Health Co.
Regressed Prices |
| Timeline |
Pair Trading with Beauty Health
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 Beauty Health 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 Beauty Health will appreciate offsetting losses from the drop in the long position's value.Moving against Beauty Stock
The ability to find closely correlated positions to Beauty Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beauty Health 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 Beauty Health - 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 Beauty Health Co to buy it.
The correlation of Beauty Health 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 Beauty Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beauty Health 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 Beauty Health 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.Check out Beauty Health Correlation, Beauty Health Volatility and Beauty Health Alpha and Beta module to complement your research on Beauty Health. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Beauty Health 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.