Baker Hughes Co. stock underperforms Thursday when compared to competitors - MarketWatch
| 68V Stock | EUR 38.50 0.46 1.21% |
Roughly 53% of Baker Hughes' stockholders are presently thinking to get in. The analysis of current outlook of investing in Baker Hughes Co suggests that some traders are interested regarding Baker Hughes' prospects. The current market sentiment, together with Baker Hughes' historical and current headlines, can help investors time the market. In addition, many technical investors use Baker Hughes stock news signals to limit their universe of possible portfolio assets.
Baker Hughes stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Baker daily returns and investor perception about the current price of Baker Hughes Co as well as its diversification or hedging effects on your existing portfolios.
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Baker Hughes Co. stock underperforms Thursday when compared to competitors MarketWatch
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Baker Hughes Fundamental Analysis
We analyze Baker Hughes' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Baker Hughes using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Baker Hughes based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Baker Hughes is rated second in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Baker Hughes Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Baker Hughes stock to make a market-neutral strategy. Peer analysis of Baker Hughes could also be used in its relative valuation, which is a method of valuing Baker Hughes by comparing valuation metrics with similar companies.
Peers
Baker Hughes Related Equities
| TW1 | Tenaris SA | 1.71 | ||||
| CO9 | China Oilfield | 1.27 | ||||
| 68V | Baker Hughes | 1.21 | ||||
| NO8 | NOV | 0.15 | ||||
| HAL | Halliburton | 0.20 | ||||
| X9P | ChampionX | 0.81 |
Complementary Tools for Baker Stock analysis
When running Baker Hughes' price analysis, check to measure Baker Hughes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.
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