Baker Hughes Co Stock Market Value
| BKR Stock | USD 43.61 0.08 0.18% |
| Symbol | Baker |
Baker Hughes Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Baker Hughes. If investors know Baker 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 Baker Hughes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.51 | Dividend Share 0.83 | Earnings Share 2.23 | Revenue Per Share 27.368 | Quarterly Revenue Growth 0.04 |
The market value of Baker Hughes is measured differently than its book value, which is the value of Baker that is recorded on the company's balance sheet. Investors also form their own opinion of Baker Hughes' value that differs from its market value or its book value, called intrinsic value, which is Baker Hughes' 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 Baker Hughes' market value can be influenced by many factors that don't directly affect Baker Hughes' 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 Baker Hughes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Baker Hughes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baker Hughes' 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 Hughes '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 Hughes' 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 Baker Hughes.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Baker Hughes on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Baker Hughes Co or generate 0.0% return on investment in Baker Hughes over 720 days. Baker Hughes is related to or competes with Schlumberger, NOV, Weatherford International, Tenaris SA, Halliburton, TechnipFMC PLC, and Now. Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide More
Baker Hughes 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 Hughes' 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 Baker Hughes Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.1042 | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 3.36 |
Baker Hughes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baker Hughes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baker Hughes' standard deviation. In reality, there are many statistical measures that can use Baker Hughes historical prices to predict the future Baker Hughes' volatility.| Risk Adjusted Performance | 0.1353 | |||
| Jensen Alpha | 0.1756 | |||
| Total Risk Alpha | 0.0128 | |||
| Sortino Ratio | 0.1519 | |||
| Treynor Ratio | 0.2569 |
Baker Hughes Backtested Returns
Baker Hughes appears to be very steady, given 3 months investment horizon. Baker Hughes secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Baker Hughes Co, which you can use to evaluate the volatility of the firm. Please makes use of Baker Hughes' Risk Adjusted Performance of 0.1353, mean deviation of 1.3, and Downside Deviation of 1.38 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Baker Hughes holds a performance score of 14. The firm shows a Beta (market volatility) of 1.29, 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, Baker Hughes will likely underperform. Please check Baker Hughes' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Baker Hughes' price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Baker Hughes Co has modest predictability. Overlapping area represents the amount of predictability between Baker Hughes 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 Baker Hughes price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Baker Hughes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 11.95 |
Baker Hughes lagged returns against current returns
Autocorrelation, which is Baker Hughes 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 Baker Hughes' stock expected returns. We can calculate the autocorrelation of Baker Hughes returns to help us make a trade decision. For example, suppose you find that Baker Hughes 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 |
Baker Hughes 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 Hughes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baker Hughes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baker Hughes stock over time.
Current vs Lagged Prices |
| Timeline |
Baker Hughes Lagged Returns
When evaluating Baker Hughes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baker Hughes stock have on its future price. Baker Hughes 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 Hughes autocorrelation shows the relationship between Baker Hughes stock current value and its past values and can show if there is a momentum factor associated with investing in Baker Hughes Co.
Regressed Prices |
| Timeline |
Pair Trading with Baker Hughes
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 Baker Hughes 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 Baker Hughes will appreciate offsetting losses from the drop in the long position's value.Moving together with Baker Stock
Moving against Baker Stock
| 0.77 | TDW | Tidewater | PairCorr |
| 0.73 | XPRO | Expro Group Holdings | PairCorr |
| 0.55 | DTI | Drilling Tools Inter | PairCorr |
| 0.38 | WFRD | Weatherford International | PairCorr |
| 0.34 | ENSV | Enservco | PairCorr |
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes 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 Baker Hughes - 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 Baker Hughes Co to buy it.
The correlation of Baker Hughes 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 Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes 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 Baker Hughes 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.Additional 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.