Becton Dickinson (Germany) Market Value
| BOX Stock | EUR 210.90 1.30 0.61% |
| Symbol | Becton |
Becton Dickinson '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 Becton Dickinson'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 Becton Dickinson.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Becton Dickinson on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Becton Dickinson and or generate 0.0% return on investment in Becton Dickinson over 30 days. Becton Dickinson is related to or competes with Microchip Technology, MACOM Technology, Align Technology, and Infrastrutture Wireless. Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and dia... More
Becton Dickinson 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 Becton Dickinson'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 Becton Dickinson and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.26 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.63 |
Becton Dickinson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Becton Dickinson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Becton Dickinson's standard deviation. In reality, there are many statistical measures that can use Becton Dickinson historical prices to predict the future Becton Dickinson's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.08) |
Becton Dickinson Backtested Returns
Becton Dickinson secures Sharpe Ratio (or Efficiency) of -0.0013, which signifies that the company had a -0.0013% return per unit of standard deviation over the last 3 months. Becton Dickinson and exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Becton Dickinson's mean deviation of 1.05, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Becton Dickinson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Becton Dickinson is expected to be smaller as well. At this point, Becton Dickinson has a negative expected return of -0.0021%. Please make sure to confirm Becton Dickinson's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Becton Dickinson performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Becton Dickinson and has poor predictability. Overlapping area represents the amount of predictability between Becton Dickinson time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Becton Dickinson price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Becton Dickinson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 5.39 |
Becton Dickinson lagged returns against current returns
Autocorrelation, which is Becton Dickinson 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 Becton Dickinson's stock expected returns. We can calculate the autocorrelation of Becton Dickinson returns to help us make a trade decision. For example, suppose you find that Becton Dickinson 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 |
Becton Dickinson 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 Becton Dickinson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Becton Dickinson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Becton Dickinson stock over time.
Current vs Lagged Prices |
| Timeline |
Becton Dickinson Lagged Returns
When evaluating Becton Dickinson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Becton Dickinson stock have on its future price. Becton Dickinson 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, Becton Dickinson autocorrelation shows the relationship between Becton Dickinson stock current value and its past values and can show if there is a momentum factor associated with investing in Becton Dickinson and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Becton Stock
When determining whether Becton Dickinson offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Becton Dickinson's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Becton Dickinson And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Becton Dickinson And Stock:Check out Becton Dickinson Correlation, Becton Dickinson Volatility and Becton Dickinson Alpha and Beta module to complement your research on Becton Dickinson. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Becton Dickinson 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.