Bausch's market value is the price at which a share of Bausch trades on an exchange. It measures the collective expectations of Bausch Health Companies investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bausch Health Companies and determine expected loss or profit from investing in Bausch over a given investment horizon. Check out Bausch Correlation, Bausch Volatility and Bausch Alpha and Beta module to complement your research on Bausch.
Please note, there is a significant difference between Bausch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bausch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bausch'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.
Bausch '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 Bausch'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 Bausch.
0.00
06/09/2024
No Change 0.00
0.0
In 5 months and 29 days
12/06/2024
0.00
If you would invest 0.00 in Bausch on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Bausch Health Companies or generate 0.0% return on investment in Bausch over 180 days. Bausch is related to or competes with Aptiv PLC, Lucid, Integral, Sphere Entertainment, Nextplat Corp, Zedge, and Playtika Holding. More
Bausch 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 Bausch'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 Bausch Health Companies upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bausch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bausch's standard deviation. In reality, there are many statistical measures that can use Bausch historical prices to predict the future Bausch's volatility.
Bausch Health Companies secures Sharpe Ratio (or Efficiency) of -0.0869, which signifies that the bond had a -0.0869% return per unit of risk over the last 3 months. Bausch Health Companies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bausch's Standard Deviation of 3.77, risk adjusted performance of (0.05), and Mean Deviation of 1.47 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bausch are expected to decrease at a much lower rate. During the bear market, Bausch is likely to outperform the market.
Auto-correlation
0.34
Below average predictability
Bausch Health Companies has below average predictability. Overlapping area represents the amount of predictability between Bausch time series from 9th of June 2024 to 7th of September 2024 and 7th of September 2024 to 6th 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 Bausch Health Companies price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Bausch price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
-0.12
Residual Average
0.0
Price Variance
2.59
Bausch Health Companies lagged returns against current returns
Autocorrelation, which is Bausch 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 Bausch's bond expected returns. We can calculate the autocorrelation of Bausch returns to help us make a trade decision. For example, suppose you find that Bausch 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
Bausch 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 Bausch bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bausch bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bausch bond over time.
Current vs Lagged Prices
Timeline
Bausch Lagged Returns
When evaluating Bausch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bausch bond have on its future price. Bausch 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, Bausch autocorrelation shows the relationship between Bausch bond current value and its past values and can show if there is a momentum factor associated with investing in Bausch Health Companies.
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.
Bausch financial ratios help investors to determine whether Bausch 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 Bausch with respect to the benefits of owning Bausch security.