Baird Medical Investment Stock Market Value
| BDMD Stock | 7.65 0.13 1.73% |
| Symbol | Baird |
Is Medical Equipment 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 Baird Medical. If investors know Baird 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 Baird Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Baird Medical Investment is measured differently than its book value, which is the value of Baird that is recorded on the company's balance sheet. Investors also form their own opinion of Baird Medical's value that differs from its market value or its book value, called intrinsic value, which is Baird Medical'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 Baird Medical's market value can be influenced by many factors that don't directly affect Baird Medical'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 Baird Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baird Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baird Medical'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.
Baird Medical '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 Baird Medical'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 Baird Medical.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Baird Medical on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Baird Medical Investment or generate 0.0% return on investment in Baird Medical over 30 days. Baird Medical is related to or competes with Ryanair Holdings, Sun Country, Entegris, TFI International, MYT Netherlands, IPG Photonics, and Everspin Technologies. Baird Medical is entity of United States More
Baird Medical 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 Baird Medical'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 Baird Medical Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.97 | |||
| Information Ratio | 0.1023 | |||
| Maximum Drawdown | 656.44 | |||
| Value At Risk | (13.66) | |||
| Potential Upside | 17.97 |
Baird Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baird Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baird Medical's standard deviation. In reality, there are many statistical measures that can use Baird Medical historical prices to predict the future Baird Medical's volatility.| Risk Adjusted Performance | 0.0917 | |||
| Jensen Alpha | 7.93 | |||
| Total Risk Alpha | 6.26 | |||
| Sortino Ratio | 0.7254 | |||
| Treynor Ratio | 3.22 |
Baird Medical Investment Backtested Returns
Baird Medical is out of control given 3 months investment horizon. Baird Medical Investment secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 8.99% are justified by taking the suggested risk. Use Baird Medical Risk Adjusted Performance of 0.0917, downside deviation of 10.97, and Mean Deviation of 20.95 to evaluate company specific risk that cannot be diversified away. Baird Medical holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.47, 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, Baird Medical will likely underperform. Use Baird Medical value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to analyze future returns on Baird Medical.
Auto-correlation | 0.48 |
Average predictability
Baird Medical Investment has average predictability. Overlapping area represents the amount of predictability between Baird Medical time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Baird Medical Investment price movement. The serial correlation of 0.48 indicates that about 48.0% of current Baird Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 6.71 |
Baird Medical Investment lagged returns against current returns
Autocorrelation, which is Baird Medical 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 Baird Medical's stock expected returns. We can calculate the autocorrelation of Baird Medical returns to help us make a trade decision. For example, suppose you find that Baird Medical 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 |
Baird Medical 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 Baird Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baird Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baird Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Baird Medical Lagged Returns
When evaluating Baird Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baird Medical stock have on its future price. Baird Medical 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, Baird Medical autocorrelation shows the relationship between Baird Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Baird Medical Investment.
Regressed Prices |
| Timeline |
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Check out Baird Medical Correlation, Baird Medical Volatility and Baird Medical Alpha and Beta module to complement your research on Baird Medical. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Baird Medical 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.