BAKER HUGHES A Market Value

05723KAF7   79.02  0.44  0.55%   
BAKER's market value is the price at which a share of BAKER trades on an exchange. It measures the collective expectations of BAKER HUGHES A investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of BAKER HUGHES A and determine expected loss or profit from investing in BAKER over a given investment horizon.
Check out BAKER Correlation, BAKER Volatility and BAKER Alpha and Beta module to complement your research on BAKER.
Symbol

Please note, there is a significant difference between BAKER's value and its price as these two are different measures arrived at by different means. Investors typically determine if BAKER is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BAKER'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.

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.
0.00
11/23/2024
No Change 0.00  0.0 
In 31 days
12/23/2024
0.00
If you would invest  0.00  in BAKER on November 23, 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 30 days. BAKER is related to or competes with 00108WAF7, 90331HPL1, Brightsphere Investment, Neurocrine Biosciences, Alphabet, Saipem SpA, and Bristol Myers. 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.

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.
Hype
Prediction
LowEstimatedHigh
81.2782.2183.15
Details
Intrinsic
Valuation
LowRealHigh
68.3569.2990.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BAKER. Your research has to be compared to or analyzed against BAKER's peers to derive any actionable benefits. When done correctly, BAKER's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BAKER HUGHES A.

BAKER HUGHES A Backtested Returns

BAKER HUGHES A secures Sharpe Ratio (or Efficiency) of -0.079, which signifies that the bond had a -0.079% return per unit of return volatility over the last 3 months. BAKER HUGHES A exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BAKER's Mean Deviation of 0.7145, variance of 1.28, and Standard Deviation of 1.13 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.17, 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

    
  -0.7  

Very good reverse predictability

BAKER HUGHES A has very good reverse predictability. Overlapping area represents the amount of predictability between BAKER time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 BAKER HUGHES A price movement. The serial correlation of -0.7 indicates that around 70.0% of current BAKER price fluctuation can be explain by its past prices.
Correlation Coefficient-0.7
Spearman Rank Test-0.47
Residual Average0.0
Price Variance1.79

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  

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 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.