Bausch Lomb Corp Stock Market Value
| BLCO Stock | USD 20.07 0.16 0.80% |
| Symbol | Bausch |
Bausch Lomb Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 Bausch Lomb. If investors know Bausch 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 Bausch Lomb 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 (0.89) | Earnings Share (1.04) | Revenue Per Share 13.327 | Quarterly Revenue Growth 0.188 | Return On Assets 0.0089 |
The market value of Bausch Lomb Corp is measured differently than its book value, which is the value of Bausch that is recorded on the company's balance sheet. Investors also form their own opinion of Bausch Lomb's value that differs from its market value or its book value, called intrinsic value, which is Bausch Lomb'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 Bausch Lomb's market value can be influenced by many factors that don't directly affect Bausch Lomb'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 Bausch Lomb's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bausch Lomb is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bausch Lomb'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 Lomb '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 Lomb'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 Bausch Lomb.
| 11/08/2024 |
| 12/08/2024 |
If you would invest 0.00 in Bausch Lomb on November 8, 2024 and sell it all today you would earn a total of 0.00 from holding Bausch Lomb Corp or generate 0.0% return on investment in Bausch Lomb over 30 days. Bausch Lomb is related to or competes with Cooper Companies,, ICU Medical, Hologic, Becton Dickinson, Teleflex Incorporated, West Pharmaceutical, and Alcon AG. Bausch Lomb Corporation operates as an eye health company worldwide More
Bausch Lomb 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 Lomb'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 Bausch Lomb Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0942 | |||
| Maximum Drawdown | 18.92 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 4.27 |
Bausch Lomb Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bausch Lomb's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bausch Lomb's standard deviation. In reality, there are many statistical measures that can use Bausch Lomb historical prices to predict the future Bausch Lomb's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 0.3101 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1634 | |||
| Treynor Ratio | 0.7441 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bausch Lomb's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bausch Lomb Corp Backtested Returns
Bausch Lomb appears to be not too volatile, given 3 months investment horizon. Bausch Lomb Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bausch Lomb Corp, which you can use to evaluate the volatility of the firm. Please makes use of Bausch Lomb's Downside Deviation of 1.5, mean deviation of 1.56, and Risk Adjusted Performance of 0.1169 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bausch Lomb holds a performance score of 12. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bausch Lomb's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bausch Lomb is expected to be smaller as well. Please check Bausch Lomb's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Bausch Lomb's price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Bausch Lomb Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Bausch Lomb time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 2024 to 8th 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 Lomb Corp price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Bausch Lomb price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Bausch Lomb Corp lagged returns against current returns
Autocorrelation, which is Bausch Lomb 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 Bausch Lomb's stock expected returns. We can calculate the autocorrelation of Bausch Lomb returns to help us make a trade decision. For example, suppose you find that Bausch Lomb 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 |
Bausch Lomb 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 Lomb stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bausch Lomb stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bausch Lomb stock over time.
Current vs Lagged Prices |
| Timeline |
Bausch Lomb Lagged Returns
When evaluating Bausch Lomb's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bausch Lomb stock have on its future price. Bausch Lomb 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 Lomb autocorrelation shows the relationship between Bausch Lomb stock current value and its past values and can show if there is a momentum factor associated with investing in Bausch Lomb Corp.
Regressed Prices |
| Timeline |
Pair Trading with Bausch Lomb
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 Bausch Lomb 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 Bausch Lomb will appreciate offsetting losses from the drop in the long position's value.Moving against Bausch Stock
| 0.69 | ELAB | Elevai Labs, Common | PairCorr |
| 0.58 | CI | Cigna Corp | PairCorr |
| 0.55 | EDAP | EDAP TMS SA | PairCorr |
| 0.53 | VALN | Valneva SE ADR | PairCorr |
| 0.42 | ME | 23Andme Holding | PairCorr |
The ability to find closely correlated positions to Bausch Lomb could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bausch Lomb 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 Bausch Lomb - 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 Bausch Lomb Corp to buy it.
The correlation of Bausch Lomb 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 Bausch Lomb moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bausch Lomb Corp 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 Bausch Lomb 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.Check out Bausch Lomb Correlation, Bausch Lomb Volatility and Bausch Lomb Alpha and Beta module to complement your research on Bausch Lomb. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Bausch Lomb 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.